What Took Place in the Wellington Real Estate Market in 2018? The short answer is home sales decreased compared to the previous year, but the median sales price increased and days on market slightly decreased.
A total of 1,217 homes sold in Wellington, which is a 6% decrease from the previous year. Wellington was experiencing a “buyer’s market” or “stable market” the entire year, which is a change from previous years where it was a strong seller’s market. Although the median sales price still increased by 4.5% from $368,888 in 2017 to $385,000 in 2018 and days on market decreased down to 50 days.
Buyer profiles remained the same, 33% were cash buyers and 67% were financed buyers. However, the profiles of financed buyers slightly changed. Conventional buyers increased by 2% and FHA buyers decreased by 4%.
View the entire detailed 2018 Wellington Florida Real Estate Market Year in Review
About the Author
The above real estate article “How Did the Wellington Florida Real Estate Market Do in 2018?” was written by Michelle Gibson of Wellington Florida Real Estate. Specializing in residential real estate since 2001 Michelle Gibson is experienced in assisting buyers, sellers, landlords, tenants and would love to share her knowledge and expertise and guide you through the entire real estate process.
We service the following areas; Wellington, Lake Worth, Royal Palm Beach, Boynton Beach, West Palm Beach, Loxahatchee, Greenacres and more. If you are considering selling your home, we welcome the opportunity to work with you and list your home with a top Realtor in Wellington Florida