Real Estate Report: 5 Houses Under Agreement, 85 On the Market

Elaine Bannigan of Pinnacle Residential Properties. This report is based on real estate information provided to and compiled by MLS Property Information Network.

In the period since 7/31/17 - 8/07/17, four single family homes came on the market and five sold. As of August 7th, There are 85 single family homes remaining for sale, compared to this time last year when there were 136. The price ranges with the greatest decline in supply are: over $3M (down 32%), $2M-$2.5M (down 50%), and $1M-$2M (down 48%). Conversely, there are the same number of available homes priced under $1M. This is in contrast to what has happened in many other cities and towns across the country.

For the latest, weekly Wellesley Real Estate activity click here to read the Pinnacle Report.