Wellesley: The 'Absorption Rate' Shift

Wellesley: The 'Absorption Rate' Shift

In Wellesley, the spring of 2022 is seeing a shift. While prices remain high, the absorption rate is settling, giving buyers a bit more breathing room.

The Statistics

• Months of Supply: Has more than doubled since the peak 'frenzy' of 2021.
• Days to Offer: Now averaging 30 days compared to the lightning-fast 20 days of last year.
• Price Stability: Average list prices for single-families still sit near $3.6M.

The Strategic Buyer

You now have the time to negotiate and choose wisely. The 'frenzy' has cooled, but the quality remains unmatched.