Market Update – February

Centre Wellington Real Estate Market Update – What You Need to Know

The Centre Wellington real estate market is staying active as we move through the season. Whether you’re thinking of buying or selling, keeping an eye on market trends can help you make informed decisions. Here’s the latest update on what’s happening in the area:

Current Market Snapshot

✅ Homes for Sale: 60
✅ Average Days on Market: 20
✅ Median Sold Price: $845,000
✅ New Listings in the Last 14 Days: 18
✅ Homes Sold in the Last 14 Days: 7

What These Numbers Mean for Buyers and Sellers

For Buyers: With 60 homes currently available, there’s a variety of properties to explore. The average days on the market is 20, meaning homes are selling relatively quickly. If you’re serious about purchasing, being prepared with mortgage pre-approval and a clear idea of what you’re looking for can give you an edge in this competitive market.

For Sellers: The median sold price of $845,000 indicates strong home values in the area. With only 7 sales in the last two weeks but 18 new listings, inventory is growing, giving buyers more options. Pricing your home competitively and ensuring it’s well-presented can help you attract buyers faster.

Is Now a Good Time to Buy or Sell?

Market conditions remain steady, and both buyers and sellers have opportunities to make a move. If you’re considering buying, take advantage of the current listings before inventory shifts again. Sellers should focus on strategic pricing and marketing to stand out in a growing market.

If you’re curious about how these trends affect your real estate goals, let’s connect! Whether you’re buying, selling, or just looking for guidance, I’m here to help. 📩

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