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| FEBRUARY 2025 | |||
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| Units Sold 60 |
Active Inventory 235 |
Median Sale Price $275,140 |
Days On Market 56 |
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| Down -18% Vs. Year Ago |
Up 6% Vs. Year Ago |
Up 4% Vs. Year Ago |
Down -7% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in February, with 60 sold this month in Wicomico County Real Estate versus 72 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 18% versus February 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 14 units or 6%. The total number of active inventory this February was 235 compared to 221 in February 2024. This month's total of 235 is lower than the previous month's total supply of available inventory of 239, a decrease of 2%. |
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Median Sale Price
Last February, the median sale price for Wicomico County Homes was $264,000. This February, the median sale price was $275,140, an increase of 4% or $11,140 compared to last year. The current median sold price is 3% lower than in January. 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 78 |
Current Contracts 69 |
Sold Vs. List Price 98.9% |
Months of Supply 3.9 |
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| Down -35% Vs. Year Ago |
Down -18% Vs. Year Ago |
Up 2% Vs. Year Ago |
Up 29% Vs. Year Ago |
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Months of Supply
In February, there was 3.9 months of supply available in Wicomico County, compared to 3.0 in February 2024. That is an increase of 29% 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 78 homes newly listed for sale in Wicomico County compared to 120 in February 2024, a decrease of 35%. There were 69 current contracts pending sale this February compared to 84 a year ago. The number of current contracts is 18% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Wicomico County was 98.9% of the average list price, which is 1.9% higher than at this time last year. Days on Market
This month, the average number of days on market was 56, lower than the average last year, which was 60, a decrease of 7%. | |||
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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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