August 6, 2023 | Market Reports
July 2023 Market Report: Wellington County
Wellington County real estate still favoured sellers in July, even though the inventory and expired listings are higher than they were at this time last year. This trend shows that the market is stabilizing, and it is experiencing a regular dip that typically happens during this time of year. Here are some key points to keep in mind about the current state of the Wellington County real estate market:
- Even though unit sales and sales volume are lower than they were last month, they are still higher than they were in July of 2022. This indicates that the market is not in decline, but instead, it is stabilizing.
- Buyers are typically less active during the summer months, which can lead to a slight decrease in sales.
Overall, the Wellington County real estate market is still great for sellers, and buyers should be prepared to act quickly to secure a property they are interested in. If you have any questions about the current market, reach out to our team of professionals.
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