Wellington Home Inventory is UP, but Remains a Sellers Market!

After months of declining home inventory in Wellington Florida it is finally UP 5%, but continues to be a strong Sellers Market.

Wellington homes sales in June 2013 decreased slightly with only 118 home sales compared to May 2013, which had 145 closed sales. However sale prices remained strong ranging from $62,000 to $12M. Of the 118 home sales in Wellington 75% were traditional sales, 14% were short sales and 11% were bank owned (REO). As expected Wellington cash buyers continued to dominate the real estate market accounting for 55% of the home sales. Conventional home buyers made up 32% of the home sales while FHA home buyers were at the bottom once again at 9%.

There are currently 452 homes for sale in Wellington, an increase of 20 homes and asking prices range from $95,000 up to $34,750,000. There are now 305 homes under contract, a decrease of 40 homes compared to May 2013 and these homes had asking prices ranging from $43,900 up to $3,039,050.

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 June below