At the moment Wellington Florida is far from a Buyers Market, but based on the most recent real estate stats the market is starting to change.

Last month home inventory continued to increase in Wellington and home sales have decreased, but currently remains a Sellers Market. However Wellington appears to be approaching a Stable Market, which means there is an equal amount of Wellington home buyers and home sellers as opposed to the current sellers market that has more buyers than homes available for sale.

Wellington Real Estate Market Update

Wellington homes sales in September 2013 decreased slightly with only 96 home sales compared to August 2013, which had 102 closed sales. Home sale prices remained strong ranging from $50,000 to $2,885,000. Of the 96 home sales in Wellington 86% were traditional sales, 6% were short sales and 7% were bank owned (REO). As expected Wellington cash buyers continued to dominate the real estate market accounting for 44% of the home sales, which is a 3% decrease from the previous month. Conventional home buyers made up 39% of the home sales while FHA home buyers were at the bottom once again at 13%.

There are currently 520 homes for sale in Wellington, an increase of 46 homes and asking prices range from $99,000 up to $34,750,000. There are now 299 homes under contract, an decrease of 6 homes compared to August 2013 and these homes had asking prices ranging from $35,000 up to $2,200,000.

Wellington remains a SELLERS MARKET and a few of the neighborhoods sharing in the sellers market include;  Grand IslesIsles at Wellington and Olympia.

Checkout the full Wellington Real Estate Market Overview for September below

Wellington Florida Real Estate market Report September 2013

For the latest market trends visit: Wellington Florida Real Estate Market Reports

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Information deemed reliable, not guaranteed and provided by RMLS on October 15th, 2013