We just got the numbers for the Wicomico County Housing report for July, see below and we will take a few minutes to go through them.
There was a decrease in total units sold in July, with 60 sold this month in Wicomico County Real Estate versus 63 last month, a decrease of 5%. This month’s total units sold were higher than at this time last year, an increase of 3% versus July 2010. So fewer units than in June, but more units sold than last July, which is certainly a good thing!
Versus last year, the total number of homes available this month is lower by 163 units or 17%. The total number of active inventory this July was 811 compared to 974 in July 2010. This month’s total of 811 is lower than the previous month’s total supply of available inventory of 817, a decrease of 1%, so total number of inventory on the market is less than last year which is also a good thing.
Last July, the median sale price for Wicomico County Homes was $146,885. This July, the median sale price was $151,500, an increase of 3% or $4,615 compared to last year. The current median sold price is 8% higher than in June. INCREASE IN SALES PRICES!!!
These market reports we provide is so that local buyers and sellers can get a good indication of the market. The media gives you national numbers which has nothing to do with properties in your area. Real estate is local, that’s why we give you local numbers. Every month we will update this for your own information. If you would like more information, contact us at any time!!
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