Recent reports show that it's a seller's market in Wellesley. If you list your Wellesley home for sale now, you'll benefit from a lower inventory, so your home will likely receive lots of interest and may even sell more quickly. The real estate market here is very healthy, and the following statistics prove that now is a great time to sell a home in Wellesley.
At the end of May, the number of homes on the market, or inventory, was down. In fact, the active homes for sale in the Wellesley, MA real estate market has been trending down over the past 18 months. This makes for an ideal seller's market. If you put your home on the market now, you have less competition. We are seeing in some cases multiple offers on well priced homes.
The number of sales in May is higher than it was in previous months. This tends to happen as people who purchased in the spring market start closing. You can see from the previous summer months the trend in closings tend to be higher.
The Wellesley market is well below a six-month supply of homes, which means it is currently a great seller's market. Since there are fewer homes on the market, your home has a higher chance of getting the attention of homebuyers and receiving more offers.
The average price of homes being sold in Wellesley is significantly higher than it has been in previous months this year. Not only is it a good time to find a buyer for your home, it's a good time to sell it for what it is worth. Average home sales prices have fluctuated from month to month this year, but sells did well in May.
These statistics all show that it is a seller's market in Wellesley. If you have been considering selling your home, now is a great time to do it. For assistance putting your home on the market contact Christine Norcross at 781-929-4994. You can also connect with us on Facebook for more information about market trends and Wellesley real estate.