The Long & Foster Market Minute

Focus On: Wicomico County Housing Market September 2021

Units Sold
127
Active Inventory
179
Median Sale Price
$240,000
Days On Market
27
Down -2%
Vs. Year Ago
Down -28%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down -52%
Vs. Year Ago

Units Sold
There was a decrease in total units sold in September, with 127 sold this month in Wicomico County Real Estate versus 139 last month, a decrease of 9%. This month's total units sold was lower than at this time last year, a decrease of 2% versus September 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 68 units or 28%. The total number of active inventory this September was 179 compared to 247 in September 2020. This month's total of 179 is lower than the previous month's total supply of available inventory of 197, a decrease of 9%.

Median Sale Price
Last September, the median sale price for Wicomico County Homes was $208,000. This September, the median sale price was $240,000, an increase of 15% or $32,000 compared to last year. The current median sold price is 2% higher than in August.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
135
Current Contracts
132
Sold Vs. List Price
99.6%
Months of Supply
1.4
No Change
Vs. Year Ago
Down -7%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
Down -26%
Vs. Year Ago

Months of Supply
In September, there was 1.4 months of supply available in Wicomico County, compared to 1.9 in September 2020. That is a decrease of 26% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 135 homes newly listed for sale in Wicomico County, which is similar to the amount in September 2020. There were 132 current contracts pending sale this September compared to 142 a year ago. The number of current contracts is 7% lower than last September.

Sale Price to List Price Ratio
In September, the average sale price in Wicomico County was 99.6% of the average list price, which is 0.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 27, lower than the average last year, which was 56, a decrease of 52%.

The Long & Foster Market Minute
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.