October 8, 2018 Weekly Market Report

New Home Listings in Salisbury MD and Wicomico County

Eighteen residential listings came on the market last week in Salisbury and Wicomico County with an average list price of $159,500.Salisbury MD Real Estate

New Listings

 

Pending Homes in Salisbury MD and Wicomico County

Last week twenty-two homes went under contract in Wicomico County. The average time on market before going pending was 2.7 months. The average list price of these properties was $195,500. Six homes were on the market for less than 30 days.

Under Contract

 

Homes Sold in Salisbury MD and Wicomico County

Twenty-seven homes sold last week in Salisbury and Wicomico County with an average sales price of $195,800. The average time on market was 2.1 months and they sold for 97% of the list price.

Just Sold

 

Homes for Sale in Salisbury MD and Wicomico County

Currently, there are nearly 400 active residential listings in Wicomico County, which includes single family, townhomes, condos, and duplexes.

Short sales and foreclosures make up 9% of available residential properties. Mortgage rates are around 5% on a 30 year fixed conventional loan.

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Information compiled by Esham Real Estate, Inc. is deemed to be reliable, but is not guaranteed. © BRIGHT MLS Copyright 2018

Based on information from the Coastal Association of Realtors® for the period of 10/1/18 through 10/7/18

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