Weekly Salisbury Wicomico Real Estate Report for the week of February 27 – March 5, 2017.
New Listings in Salisbury MD and Wicomico County
Forty-three homes came on the market last week in Salisbury and Wicomico County with an average list price of $173,500.
Under Contract in Salisbury MD and Wicomico County
Last week twenty-one houses went under contract in Salisbury and Wicomico County. The average time on market before going pending was 2.1 months. The average list price of these properties was $139,500. Twelve homes were on the market 30 days or less.
Sold Listings in Salisbury MD and Wicomico County
Thirteen homes sold last week in Salisbury and Wicomico County with an average sales price of $162,900. The average time on market was less than 5.3 months and they sold for 96.8% of the list price.
Homes for Sale in Salisbury MD and Wicomico County
Currently, there are 409 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 14.2% of available residential properties. Mortgage rates were around 4.375% 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 02/27/17 through 03/05/17