Salisbury and Fruitland Maryland Real Estate Home Sales and Market Report

    Salisbury Maryland  real estate

    Chart: Salisbury and FruitlandDescription: Homes sold in the Salisbury and Fruitland housing market. This chart shows the number of homes sold in this market in recent months. Zip codes: 21801, 21804 and 21826.Tags: Homes sold in Salisbury, Homes sold in Fruitland, Units sold in 21801, Units sold in 21804, Units sold in 21826Author: Long & Foster Real Estate, Inc. data supplied by CAR and its member Association(s) of REALTORS. Deemed reliable but not guaranteed.charts powered by iCharts

    report for homes sold and overall market picture for October 2013


    As the national real estate market continues to get better so has real estate in the Salisbury, Maryland area.  For comparison we will look at last year’s sales numbers for 2012 compared to this year’s numbers.
    Units Sold
    Aligning with the national trend, this month’s total number of units sold in Salisbury and Fruitland was higher than at this same time last year; with a total of 43 units closed this is an increase of 5% over October 2012. Seasonally, October has a lower number of units sold per month when compared to the summer and spring months.

    Active Inventory

    Versus last year, the total number of homes available this month in Salisbury and Fruitland, is lower by 78 units, or 16%, which is a significant decrease, indicating that the overall trend for the market for the year is positive. The total number of active inventory this October was 406 compared to 484 in October 2012. This month’s total of 406 is lower than the previous month’s total supply of available inventory of 411, a decrease of 1%, showing a decrease for total market supply month over month.
    Median Sale Price
    Last October, the median sales price for Salisbury and Fruitland  homes was $125,000. This October, the median sales price was $144,900, an increase of 16%, or $19,900. Compared to last year, this is a hefty increase in value for year over year.
    Months of Supply
    In October 2013, there was 9.4 months of supply available of homes in Salisbury compared to 11.8 months of supply in October 2012. That is a decrease of 20% versus a year ago, which is also another heavy decrease.
    *Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell the entire inventory available at the current rate of demand, indicating the demand for housing in Salisbury and Fruitland has increased year over year.

    Days on Market

    This month, the average number of days on market for a home to sell in Salisbury was 115, lower than the average last year, which was 153, a decrease of 25%.

    Overall, all of the numbers for sales and the housing market in Salisbury and Fruitland  are very positive, and all indicate an upward trend for home sales in this area. Demand is up, supply is down, and inventory is moving! If you are looking to buy or sell in the Salisbury or Fruitland market, contact me today! Or check out my site to search for properties at www.moorebrittingham.com

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