December 2015 Year End Real Estate Results: Monroe NY 10950

By
Real Estate Broker/Owner with 406-270-3667, kat@thehousekat.com, Broker/REALTOR® RRE-BRO-LIC-75443

As seen below, the year of 2015 has wrapped up, and the December 2015 real estate results for Monroe, NY are now available.

 

 

So what's been going on with 2015 Monroe NY real estate? Have we seen price increases? Decreases?

 

As can be seen above, with the exception of a few second quarter dipsmedian prices in Monroe have remained in the $250K and above range. If you were to add a linear trend line to the above graph, it would go straight across right above $250K which could mean prices are (overall) flat. That being said, when comparing overall 2015 prices to 2014 prices, this year has seen a decrease in prices. The average sale price in 2014 was $294K, while in 2015 the average is around $279K. So for house sellers, that continues to be less than stellar news. 

 

Regarding sales volume, this year has seen slightly more Monroe NY homes sold than in 2014. Sales do typically slow down after the summer is over, so the above dip in October through December is normal although December was lower than this time last year with 9 sales in 2015 versus 13 last year.  Even with the dip in sales in the last few months, available inventory has been decreasing, with 109 active listings now, down from 150 in September. So that is actually good news for any seller who wants to get their home on the market - competition is currently less than it will be in early Spring.

 

So the bottom line is that prices in Monroe NY have decreased somewhat and volume has increased slightly. Hopefully as inventory continues to decline, prices will move up. In the meantime, if you want more information about Monroe or any other Orange County area, just call me on 914-419-0270 or email me at kat@thehousekat.com

 

Comments (14)

Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Kat Palmiotti as inventory declines, the prices will go up.... and then you'll be digging deeply for fresh listings...a vicious cycle.... wishing you a Happy New Year...

Dec 31, 2015 09:59 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Kat. Thank you for sharing the report, very well done.

Lets make 2016 the best year ever!

Dec 31, 2015 10:00 PM
Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

excellent numbers to share with the folks in monroe ny to help them see what is happening in their world!

Dec 31, 2015 11:08 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Barbara - Thank you for commenting and I hope your 2016 is fabulous!

Joe - Thank you, and yes, let's!!  

Mark - Thank you! Even the information that is not positive should be made available.

Jan 01, 2016 12:36 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Kat, this is a nice year end market report for Monroe, New York.  The ebb and flow of life and real estate inventory.  Wishing you all the best in 2016 and beyond.

Jan 03, 2016 06:33 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Kathleen - Thank you!  I wish you the best as well. 

Jan 03, 2016 07:44 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

That is nicely presented Kat and glad that sales are up and hope 2016 will show equal improvement.

Jan 05, 2016 08:33 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Debbie - Thank you! I hope 2016 trends do improve as well.

Jan 05, 2016 07:34 PM
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Good evening Kat,  With the increases in home sales here in Elkhart, IN, I'm looking forward to another positive year after having several that were less than desirable.  Have a prosporous 2016.

Jan 06, 2016 09:56 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Kat.  Thanks for the report for the Monroe NY real estate market.  Fascinating how much your sales spiked in the summer.

Jan 06, 2016 07:46 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Larry - Thank you! I hope your year is prosperous as well. :-)

Gabe - Now if that could just continue all year.  

Jan 06, 2016 08:43 PM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Inentory down, prices up.... inventory up, prices down.... an ongoing circle in real estate.

Jan 09, 2016 09:15 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Rebecca - Yes, that's the typical cycle.

Jan 10, 2016 07:08 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Home buyers and sellers in the area will appreciate the information.

Jan 12, 2016 08:01 PM