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.

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 2.6 months. The average list price of these properties was $137,300. Thirteen 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

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.

Click to see what Sold this week in Salisbury Wicomico MD

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.

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 12/26/16 through 01/01/17