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Wellington Real Estate Market Update August 2017

Posted by bobpolopark on August 10, 2017
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8/10/17

The Wellington Real Estate Market continues it’s strong market in 2017, with over 781 properties being sold already this year. We at Polo Park Realty feel that the Wellington Real Estate Market is a Sellers Market, with well priced and updated homes selling quickly, often with-in days of hitting the market. In July 2017 there were a total of 115 homes sold, with a median sales price of $366,000.00, and with a median of 25 days on the market. All Wellington Property for sale inventory is now at 696, with 569 single family homes and 127 Condo’s/Townhomes or Villa’s, down from 702 in June 2017. That give us less then a five months supply of available homes for sale at the current pace. Homes in Escrow & Contracts written in July 2017 has decreased from Junes 122, to 94 in July . That has to do with the less inventory of homes for sale. If you are thinking of making a move and selling your current home, now may be the right time with the summer selling season in full swing here in Wellington, we need homes to sell and we have more buyers looking to make Wellington their home.

We are  thankful for the opportunity to serve the good people of our community, and to help you with any of your real estate needs.

bh.

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