Wellington Remains a SELLERS MARKET in spite of Rising Home Inventory

Wellington Florida Home Inventory is UP, but it remains a strong Sellers Market.

Wellington homes sales in August 2013 increased slightly with 102 home sales compared to July 2013, which had 97 closed sales. Home sale prices remained strong ranging from $65,000 to $2,850,000. Of the 102 home sales in Wellington 75% were traditional sales, 12% were short sales and 14% were bank owned (REO). As expected Wellington cash buyers continued to dominate the real estate market accounting for 47% of the home sales. Conventional home buyers made up 38% of the home sales while FHA home buyers were at the bottom once again at 5%.

There are currently 474 homes for sale in Wellington, an increase of 5 homes and asking prices range from $72,000 up to $34,750,000. There are now 305 homes under contract, an increase of 4 homes compared to July 2013 and these homes had asking prices ranging from $35,000 up to $2,880,000.

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

Checkout the full Wellington Real Estate Market Overview for August below