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March 14th Salisbury Wicomico Real Estate Report

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Salisbury Wicomico Real Estate Report for the week of March 7-March 13.

New Listings in Salisbury MD and Wicomico County

Twenty-eight new homes came on the market last week in Salisbury and Wicomico County with an average list price of $180,130.

Click to see New Listings this week in Salisbury Wicomico MD

Under Contract in Salisbury MD and Wicomico County

Last week twenty-seven houses went under contract in Salisbury and Wicomico County. The average time on market before going pending was 4 months. The average list price of these properties was $140,800. Eight homes were on the market 30 days or less.

Click to see what went Under Contract this week in Salisbury Wicomico MD

Sold Listings in Salisbury MD and Wicomico County

Fourteen homes sold last week in Salisbury and Wicomico County with an average sales price of $131,800. The average time on market was 2.4 months and they sold for 96% of the list price.

Click to see what Sold this week in Salisbury Wicomico MD

Homes for Sale in Salisbury MD and Wicomico County

Currently, there are 519 active residential listings in the county, which includes single family, townhomes, condos, and duplexes.  Short Sales and foreclosures in Salisbury and Wicomico County make up 17.7% of available residential properties. Mortgage rates were around 3.75% on a 30 year fixed conventional loan.

 

To receive the Weekly Market Report, email Corey@kenningtonrealty.com  and place “Market Report” in the subject line.

This report is offered free of charge by Kennington Realty A Buyer’s Agent, please consider using our services for your next real estate purchase.

Information compiled by Kennington Realty Inc. is deemed to be reliable, but is not guaranteed © 2015 MLS and FBS. Based on information from the Coastal Association of Realtors® for the period 03/07/16 through 3/13/16

About Corey Kennington

Corey has been helping home buyers save time, money and effort in Salisbury and Ocean City Maryland since 1995. Prior to working as an Exclusive Buyer’s Agent (EBA) Mr. Kennington was a real estate appraiser with a prominent Lower Shore appraisal firm WR McCain Appraisals. He is a trained realtor who is dedicated to finding his clients the best home at the best price. And, because he only represents buyers, he is a crucial asset in today’s competitive real estate market. He serves as a trusted and knowledgeable partner, helping his clients understand the marketplace and to remain focused-all at no extra cost to the buyer.

Salisbury Wicomico Real Estate

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