Elliman Report: Wellington Sales 1Q 2019

The Wellington market showed steady but strengthening patterns in the first quarter of 2019. Price trends increased, helped by a shift to more substantial sized sales across several submarkets. The condo sales market represented about 22% of all sales and totaled 54, unchanged from the same period last year. Condo listing inventory rose 2.8% to 145 over the same period, helping to slow the pace of the condo market. The months of supply metric, defined as the number of months to sell all inventory at the current rate of sales, was 8.1 months, 5.1% slower than a year ago…