Wellington is a great place to buy a vacation home. Wellington has many beautiful horse farms, and world class polo facilities. Wellington is known as the Winter Equestrian Capital of the World because of all the horse shows that take place in Wellington during our South Florida winter season. If you are thinking about buying or selling a Wellington home, please contact us for more information about the Wellington FL Real Estate market.
The Wellington FL Real Estate market report is designed to help buyers and sellers understand the Wellington FL real estate market drivers. The Wellington FL market metrics we follow monthly are; number of Wellington home sales, the number of Wellington homes and condos that are listed for sale, Wellington average days on market and Wellington current real estate inventory of homes on the market.
- Number of Sales in Wellington FL - Jan 2022
- Number of Homes for Sale in Wellington FL - Jan 2022
- Avg Days on Market in Wellington FL - Jan 2022
- Months of Inventory in Wellington FL - Jan 2022
Wellington FL Home Sales by Month - January 2022
In January 2022, home sales in Wellington FL were 174 for the month, a 31% decrease from the previous month (Dec 2021). In the longer term, homes sales were 205 one year ago (Jan 2021), a 15 percent decrease.
.png)
Wellington FL Homes for Sales (Listings) by Month - January 2022
In Jan 2022, the number of homes for sale in Wellington FL was 297, that’s 42 fewer homes listed for sale than the previous month (Dec 2021), a decrease of 12.4 percent. In the longer term, the number of homes listed for sale in Wellington FL was at 581, one year ago (Jan 2021). That is a decrease of 49 percent.
2.png)
Wellington FL Average Days on Market by Month - January 2022
In January 2022, the average days on market for homes in Wellington was 39, that’s 11 days fewer than the previous month (Dec 2021), when the average days on market was 50. Looking back one year, the average days on market was 66 days.
3.png)
Wellington FL Months of Inventory by Month - January 2022
In Wellington FL, the number of months of inventory was 2 in January 2022. That is up one from the previous month (Dec 2021), when there was a 1 months supply of homes listed for sale. The number of months of inventory in Wellington FL was at 3 one year ago (Jan 2021). The chart below shows real estate inventory levels for Wellington FL over the past 13 months.
The real estate industry measures inventory levels in one month increments. That is determined by how many months it would take to sell off the inventory of homes that are listed for sale on the market based on the average rate of sales by month. In Wellington FL, there are currently 297 homes for sale. That is a 2 month supply based on how fast homes are selling in the Wellington FL real estate market.
If you’re thinking about purchasing a vacation home in Wellington FL, click here to search for homes and condos for sale in Wellington FL.
4.png)
Summary: Wellington FL Real Estate Market Trends - January 2022
- Number of Sales in Wellington FL - Jan 2022: 174, a 31% decrease from the previous month (Dec 2021). In the longer term, homes sales were 205 one year ago (Jan 2021), a 15 percent decrease.
- Number of Homes for Sale in Wellington FL - Jan 2022: 297, that’s 42 fewer homes listed for sale than the previous month (Dec 2021), a decrease of 12.4 percent. In the longer term, the number of homes listed for sale in Wellington FL was at 581, one year ago (Jan 2021). That is a decrease of 49 percent.
- Avg Days on Market in Wellington FL - Jan 2022: 39, that’s 11 days fewer than the previous month (Dec 2021), when the average days on market was 50. Looking back one year, the average days on market was 66 days.
- Months of Inventory in Wellington FL - Jan 2022: 2 in January 2022. That is up one from the previous month (Dec 2021), when there was a 1 months supply of homes listed for sale. The number of months of inventory in Wellington FL was at 3 one year ago (Jan 2021).
The demand side of the equation continues to be very strong. The market favors sellers at this time. If you’re thinking about selling your home in Wellington FL, now could be a good time to put your home on the market.
If you’re thinking about purchasing a vacation home in Wellington FL, be aware that prices are at record highs and often are not supported by closed sale comparables. hope this report has been helpful. If you have questions about the Wellington FL real estate market or any other real estate market in the area, please contact us.
