Is Wellington Florida a Buyer's Market yet?

Historically March is one of Wellington Florida’s busiest months in real estate. However based on the current absorption rate Wellington is heading into a BUYER’S MARKET, yes it buyer’s market. While home sales increased in March 2015, so did the amount of home for sale, which there are currently 708 to choose from.

So what does this mean? Well for home sellers if it means if your home is not priced right it will most likely sit on the market and buyer’s need to keep in mind homes are still selling, so multiple offers and homes selling for full price or more is not uncommon especially in the lower price poitns.

Cash buyers in Wellington Florida continue to dominate accounting for 47% of our home sales. Conventionally financed buyers were in second at 37% while FHA buyers were in last accounting for only 9%.

WELLINGTON HOME BUYERS: Looking to purchase a home in Wellington Florida? Let our team of experienced real estate agents guide you through the entire buying process from start to finish.

WELLINGTON HOME SELLERS: Curious about what your Wellington home is worth? We will be more than happy to put a comprehensive market analysis together specifically for your home, all you need to do is leave a few details for us @ What’s My Wellington Home Worth? Once we receive these details your personalized CMA will be prepared within 24-48 hours with no obligation.

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