September 6, 2023 | Market Reports
August 2023 Market Report: Wellington County
Wellington County’s real estate market continued to favor sellers in August, despite inventory being higher than this time last year. There was a lower number of unit sales and sales volume compared to July, a trend that can be attributed to the normal seasonal dip at this time of year.
It’s important to note that the market is still showing positive signs of growth and stability especially when compared to August of 2022. Moreover, the higher inventory levels suggest that more homes are coming onto the market, which is great news for buyers. The current state of the market is likely to continue for the foreseeable future, with the demand for homes outstripping supply and sellers continuing to have the upper hand.
Overall, Wellington County’s real estate market remains an attractive option for those looking to buy or sell. Those looking to enter the market should be prepared to act quickly and make competitive offers in order to secure their desired property.
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