Fewer Homes for Sale in Wellesley, MA while Listing Prices Rise

The number of homes for sale in Wellesley, MA fell in January, while the average listing price increased by 11.58%.
Feb. 21, 2013 - PRLog -- According to the Market Report - a publication of Chris Norcross & Partners (http://www.searchhomesinwellesley.com ) - the number of homes for sale in Wellesley, MA was 74, down 17.88% from 88 in December. This is the 4th consecutive month where the number of homes for sale decreased.

The average price of homes for sale was $2,266,911, which was up from $2,004,304 in December. Likewise the median price of homes for sale - the number at which half of the homes listed for sale were for more and half were for less - increased 5.5% to $1,651,933.

"The Wellesley market has been very strong. Many homes are selling as soon as they come on," said Christine Norcross with William Raveis Real Estate who released the survey. "We are short on listings and looking for sellers to put their homes on now!"

The prices varied according to the size of the homes
- 2 bedroom - $399,617 - a decrease of 17.95% from December
- 3 bedroom - $723,748 - an increase of 1.07% from December
- 4 bedroom - $1,474,599 - an increase of 0.3% from December
- 5 bedroom - $2,182,849 - an increase of 1.84% from December

Christine Norcross & Partners is a team in William Raveis Real Estate. We are a team of 8 agents working with buyers and sellers. We all work full time and know the Boston Metro West Real Estate market. The team is lead by Chris Norcross who has more than 10+ years of experience in the Wellesley market. CNP completed over 47 transactions totaling more than $48 million.

Visit: http://www.searchhomesinwellesley.com
Tags:Wellesley, Housing Market, Home Sales, Real Estate, Home Buying
Industry:Real Estate
Location:Wellesley - Massachusetts - United States
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