As mentioned in my previous posts, the Monroe NY real estate market started showing signs of price improvement in 2014. The first quarter of 2015 is starting off quite well, compared to 2014.
In January 2015, the median sales price was 15% higher than the same time period in 2014 and in February and March, the 2015 results were about 11% higher. Not only that, but similar to last year, the February and March 2015 median showed an improvement over January, continuing to indicate a positive price trend in the Monroe, NY area.
So what does this mean? I'm taking this data as a sign that Monroe, NY continues on the way out of the doldrums that impacted the local real estate market in the recent past. Stay tuned as 2015 continues to see how the price trends change.
If you have any questions about your specific home, and what it might be worth in today's market, feel free to contact me to discuss!