This is a great blog about why there aren't any houses for sale in Wellesley MA under One Million dollars. It is so frustrating for buyers and real estate agents alike. The owner of Pinnacle Residential Properties, Elaine Bannigan wrote this. She is very insightful.
http://blog.pinnaclehouses.com/2013/03/13/wellesley-homes-for-sale-under-1m/
Enjoy!
Teri