Home Sales Rise by Double Digits in the Tri-County Area

Jun 11, 2015

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Existing home sales in Somerset, Wicomico and Worcester counties have gone up by nearly 14 percent.

That’s during the first 5 months of 2015 compared with the same period last year.

The Salisbury Daily Times analysis also found that they have risen by nearly 40 percent since 2011 according to stats form the Coastal Association of Realtors.

The paper reports that biggest hurdle is that prices have still been low with a typical house selling for around $147-thousand compared to $161-thousand five years ago.

One real estate expert told the Daily Times that while people may have been paying down their mortgages salaries declined between 2005 and 2011.