Weekly Salisbury Wicomico Real Estate Report for the week of December 26, 2016 – January 1, 2017.
New Listings in Salisbury MD and Wicomico County
Ten homes came on the market last week in Salisbury and Wicomico County with an average list price of $103,800.
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 2.6 months. The average list price of these properties was $137,300. Thirteen homes were on the market 30 days or less.
Sold Listings in Salisbury MD and Wicomico County
Eleven homes sold last week in Salisbury and Wicomico County with an average sales price of $111,170. The average time on market was 2.2 months and they sold for 101% of the list price. The over 100% is the result of Auction properties selling higher than the list price.
Homes for Sale in Salisbury MD and Wicomico County
Currently, there are 410 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 13.7% of available residential properties. Mortgage rates were around 4.25% on a 30 year fixed conventional loan.
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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 12/26/16 through 01/01/17