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Elliman Report: Wellington Sales 2Q 2021

The housing market continued to see record highs for prices as well as record lows for listing inventory. Condo sales declined 37.9% to 41 from the year-ago quarter as listing inventory plunged 57.9% to a record low of 48 over the same period. As a result, the pace of the condo market accelerated. The average months of supply, a measure of the number of months to sell all condo inventory at the current sales rate, was three…

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