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March 30, 2020 Weekly Market Report

Salisbury MD Real Estate Weekly Market Report

New Home Listings in Salisbury MD and Wicomico County

Eighteen residential listings came on the market last week in Salisbury MD and Wicomico County with an average list price of $225,200.  Salisbury MD Real Estate

New Listings

 

Pending Homes in Salisbury MD and Wicomico County

Last week twenty-three homes went under contract in Salisbury MD and Wicomico County. The average time on market before going pending was 2.2 months. The average list price of these properties was $223,400. Twelve homes were on the market for 30 days or less.

Under Contract

 

Homes Sold in Salisbury MD and Wicomico County

Twenty-eight homes sold last week in Salisbury MD and Wicomico County with an average sales price of $201,100. The average time on market was 2.8 months and they sold for 98% of the list price.

Just Sold

 

Homes for Sale in Salisbury MD and Wicomico County

Currently, there are nearly 300 active residential listings in the Salisbury MD area, which includes single family, townhomes, condos, and duplexes.

Short sales and foreclosures make up 10% of available residential properties. Mortgage rates are around 3.375% on a 30 year fixed conventional loan.

Home Search                 

 

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Information compiled by Esham Real Estate, Inc. is deemed to be reliable, but is not guaranteed. © BRIGHT MLS Copyright 2020

Based on information from the Coastal Association of Realtors® for the period of 3/23/20 through 3/29/20

 

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