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| AUGUST 2024 | |||
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| Units Sold 88 |
Active Inventory 209 |
Median Sale Price $266,450 |
Days On Market 36 |
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| Down -9% Vs. Year Ago |
Up 25% Vs. Year Ago |
Up 1% Vs. Year Ago |
Up 57% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in August, with 88 sold this month in Wicomico County Real Estate versus 112 last month, a decrease of 21%. This month's total units sold was lower than at this time last year, a decrease of 9% versus August 2023. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 42 units or 25%. The total number of active inventory this August was 209 compared to 167 in August 2023. This month's total of 209 is lower than the previous month's total supply of available inventory of 227, a decrease of 8%. |
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Median Sale Price
Last August, the median sale price for Wicomico County Homes was $265,000. This August, the median sale price was approximately the same at $266,450. The current median sold price is 1% higher than in August 2023. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 98 |
Current Contracts 93 |
Sold Vs. List Price 98.1% |
Months of Supply 2.4 |
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| Down -5% Vs. Year Ago |
Up 15% Vs. Year Ago |
Down -1.5% Vs. Year Ago |
Up 38% Vs. Year Ago |
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Months of Supply
In August, there was 2.4 months of supply available in Wicomico County, compared to 1.7 in August 2023. That is an increase of 38% 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. |
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New Listings & Current Contracts
This month there were 98 homes newly listed for sale in Wicomico County compared to 103 in August 2023, a decrease of 5%. There were 93 current contracts pending sale this August compared to 81 a year ago. The number of current contracts is 15% higher than last August. |
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Sale Price to List Price Ratio
In August, the average sale price in Wicomico County was 98.1% of the average list price, which is 1.5% lower than at this time last year. Days on Market
This month, the average number of days on market was 36, higher than the average last year, which was 23, an increase of 57%. | |||
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| *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. | |||
 Information 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. |
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