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News & Trends for November 2014

We're in sales. We can't help looking at "quotas" as we approach the year end. Happily, with 8 weeks left in the year, we are trending towards meeting or surpassing last year's sales prices and volumes.

 

A quick snap shot of the Wellesley market:

  • Fall inventory levels are higher on average than last year. While this may lead to some downward pressure on closing prices, it should also help boost volume sales in the remainder of the year.
  • Year to date sales unit volume is lagging slightly behind last fall, but inventory and homes already under agreement point to hitting our target.
  • Prices continue to be on an upswing. Average sales price in Wellesley is up 9% year to date.

So, we are in good shape as we hit the home stretch. November is a great time to make your deal before the market slows for the winter holidays.

 

Wellesley Single Family Units

 

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