"Consider an exclusive buyer-broker who will represent only you, not the sellers. Nonexclusive real-estate agents tend to show you their own listings first, since they won’t have to share the commission if they represent both the buyer and the seller. Then they’ll probably show you their firm’s listings, since they stand to gain from those sales as well." Consumer Reports July 26, 2010 New Listings Thirty residential properties came on the market this past week in Salisbury and Wicomico County. Eight are listed under $150,000, a common price point for investors and entry level buyers. Nineteen more homes are priced between $150,000 and $300,000, the range where most sales are taking place. Pending This Week Last week fourteen residential properties went under contract in Wicomico County. The average time on market before going pending was 2.8 months. Six homes were on the market for 60 days or less. Sold This Week Ten homes sold last week in Salisbury and Wicomico County. The average time on market was 7.3 months and sold for an average of 91% of the list price. Currently, there are nearly 960 active residential listings within the county, which includes single family, townhomes, condos and duplexes. Mortgage rates were around 4.625% for a 30 year fixed mortgage. July 19-26 Market Analysis |