Monroe NY Real Estate Results - October 2016

By
Real Estate Agent with 406-270-3667 (MT), 914-419-0270 (NY), Broker in NY with Grand Lux Realty and in MT with (coming soon!) 10301213186

Monroe NY Real Estate Results:

As seen below, the Monroe, NY real estate results are now available for the October 2016 period.

Monroe NY Real estate results October 2016

The median sales price in Monroe NY moved up to $326,500 in September, and then dropped to $243,500 in October. While the lack of distressed properties might have been part of the high results in September, they were also part of the reason for the low results in October. Twenty-two percent of the homes sold in October were either foreclosures or short sales.

Regarding sales volume, sales volume remains healthy in the Monroe NY area, with 18 sales in September. Available inventory continues to decrease. The high this year was in the Spring when 148 single family homes were on the market. As of November 2nd, there were only 92 homes for sale. The continued healthy sales volume should eventually help push prices up, but as can be seen by the small graph on the top of the chart, the median prices year-to-date in 2016 are slightly lower than 2015. They haven't moved up yet.

The bottom line is that in the Monroe area, sales volume continues to be strong, but prices are not making significant strides. 

I can provide data for all of Orange County - If you want more information about Monroe or any other Orange County area, feel free to call me on 914-419-0270 or email me at kat@thehousekat.com

 

Originally posted at thehousekat.com.

 

Posted by

 

Kat Palmiotti, The House Kat

Licensed Associate Broker, CBR®

Grand Lux Realty, Inc.

428 Main Street

Armonk, NY 10504 *

* still supporting Monroe NY, Orange & Rockland counties.

 

914-419-0270 (cell)

email: kat@thehousekat.com

www.thehousekat.com

facebook    Kat's Homes

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
New York Orange County Monroe

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,220,038
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Kat Palmiotti - This is great info to share with your customers.  If they want to know more they should definitely call you!

Nov 03, 2016 02:56 AM #1
Rainmaker
3,256,131
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Wow...that's quite a swing in the median price....as in lots of markets the inventory of short sales and foreclosures seems to come in waves.

Nov 11, 2016 08:11 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,437,998

Kat Palmiotti

The House Kat
Ask me a question
*
*
*
*
Spam prevention