Who is Benefitting from Wellesley Market Conditions?

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Hey everyone, I'm here today to give you a quick market update on Wellesley real estate. Lately, we have been seeing a lot of activity, with a lot of buyers out there looking for homes. Sellers have been seeing a lot of multiple offers lately, as every home that comes onto the market has a new crop of buyers looking at it. We have seen many buyers offer above asking price in Wellesley.

It is a great time to sell here in Wellesley. This seller's market will run from now until around June 1, where it will then level out for the summer. One interesting thing that happened this week has to do with interest rates. They increased this last week, which will affect the number of sellers out there and the kind of prices they are paying. Even though rates have gone up, home prices are going down as a trade-off. 

Before we go, we also thought we would share a few graphics with you to highlight some current conditions. The first shows our active inventory, which made a huge jump in March. The second graphic is the number of unit sales in Wellesley over time.

There you have it, the latest conditions here in Wellesley. If you have any questions for us, feel free to give us a call or send us an email. We look forward to speaking soon!