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Elliman Report: Wellington Sales 3Q 2021

Rapidly rising prices, chronically low inventory, and a near-record market share of bidding wars continued to be key characteristics of the Wellington housing market. These metrics have been driven by low mortgage rates, the federal SALT tax, and the widespread adoption of remote work as a market disrupter. Condo’s median sales price rose by 20% year over year to a record $330,000, as average sales…

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