Notice: We will be converting to a new MLS System this evening (6/11/18). During the transition, some of the features of Kennington Realty’s Market Report might not be accessible. We are looking forward to this new system, and anticipate that it will offer our clients an abundance of valuable information. Please bear with us as we “tweek” our Market Report over the next couple of weeks to provide the best and most informative report we can.
Weekly Salisbury Wicomico Real Estate Report for the week of June 4 – June 10, 2018.
New Listings in Salisbury MD and Wicomico County
Thirty-three homes came on the market last week in Salisbury and Wicomico County with an average list price of $197,400.
Under Contract in Salisbury MD and Wicomico County
Last week twenty-six 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 $205,200. Fifteen homes were on the market 30 days or less.
Sold Listings in Salisbury MD and Wicomico County
Twenty-four homes sold last week in Salisbury and Wicomico County with an average sales price of $165,200. The average time on market was 1.8 months and they sold for 98.1% of the list price.
Homes for Sale in Salisbury MD and Wicomico County
Currently, there are 357 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 8.1% of available residential properties. Mortgage rates were around 4.625% on a 30 year fixed conventional loan.
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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 6/4/18 through 6/10/18