Monroe NY Real Estate Results - June 2018

By
Real Estate Agent with Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com 10301213186

The Monroe, NY real estate results are available for June 2018. The number of monthly sales remains steady, available inventory increased slightly from last month and sales prices remained healthy. If you are a buyer, there are now more homes to choose from. If you are a seller, while the market is moving towards a more balanced one, it remains a great time to put your home on the market.

 

Following is an overview of the June 2018 Monroe NY results.

 
Sales Volume

In the month of June 2018, there were 22 sales which is nearly flat with last month, but slightly lower than the same time last year. I don't believe the number of sales will be dropping in the next few months. There are currently 46 single family homes under contract in the town of Monroe. These should be closing soon so I expect volume to remain strong in the short term. In terms of inventory, there are currently 120 single family homes on the market, which is only an increase of 5 over the last moth. While the numbers would suggest the market in Monroe NY has moved to a balanced one, with neither buyer or seller having the upper hand, market behavior doesn't quite agree. I am seeing a lot of multiple offers and quick sales. The market is still acting as more of a seller's market.

 
Median Sales Prices

The median price for June 2018 was $354.5K, which is about 4% less than last month, but 32% higher than the same time last year. Buyers who are on the fence need to get off! And the same goes to sellers! The higher prices since last year and earlier this year, are great news for those who wish to sell.

 
Days on Market

The homes that sold in January took more than four and a half months to get to signed contract. In June, the time to get to contract for the homes that sold was less than three months. Typically, the "hotter" the market, the lower the number of days it takes. Keep in mind that in our area of New York, it could take a few weeks between the time an offer is accepted and the time a contract is fully executed, which is when the listing is changed to "contract." Similar to last month, there were several sales in June that were under contract in a week's time. Some buyers may be moving to contract prior to inspection, just to make sure that house will be theirs. That is definitely a sign of a still-hot market.

 
Bottom Line

The real estate market in the town of Monroe NY is healthy.  Prices are over $300K in terms of median price range. Inventory is increasing. This is still a great time to sell (or buy). If you are a seller and want to put your home on the market, now is the time. If you are a buyer, it's important to be ready to go. The best way to ensure you're ready to sell or buy is to talk to a real estate professional. I'm happy to help! To get started, call me on 914-419-0270 or email me at kat@thehousekat.com.

 

For previous market results reports, click here.

 

Originally published 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

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Ambassador
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Since I've never met any other Agents from Monroe New York; I find that you are the authority on real estate and by the looks of your market report my assumption is confirmed Kat. Well done indeed!

Jul 03, 2018 02:34 PM #1
Rainmaker
2,907,810
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Sellers keep your heads UP In Monroe New York,....and know that this is the ime to sell and call Kat Palmiotti for the very  best in real estate services !

Jul 05, 2018 03:32 AM #2
Rainmaker
1,254,647
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Paul - Thank you! I have suggested ActiveRain to many local agents but no one has ever been interested to join/blog/etc. Oh well.

Sally/David - Thank you!!!

 

Jul 05, 2018 06:02 AM #3
Rainmaker
1,813,962
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Kat Palmiotti - with a steady market, buyers should have no problem buying now and sellers shouldn't wait. Your knowledge and expertise in Monroe, NY, plus your caring nature would give me reason to refer and suggest consumers contact you when they are ready to buy and sell. 

Jul 06, 2018 04:49 AM #4
Rainmaker
1,254,647
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Patricia Feager - You are too sweet. Thank you for your wonderful words!

Jul 06, 2018 10:36 AM #5
Ambassador
3,715,262
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Kat

This is such helpful information so buyers and sellers have a better idea of the market conditions. We are seeing more inventory as well but still very much a seller's market.

Have a great weekend!

Jeff

Jul 06, 2018 02:52 PM #6
Rainmaker
1,254,647
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Jeff Dowler, CRS - Yes, there is more inventory here also, but houses are getting gobbled up! There are some disappointed buyers out there.

Jul 07, 2018 03:42 AM #7
Rainmaker
4,850,010
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will appreciate your local real estate market reports.

Jul 07, 2018 04:25 AM #8
Rainmaker
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Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kat, great overview of your real estate market in Monroe, and know you stay on top of this each month!

Jul 08, 2018 05:19 AM #9
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Kat.  Thanks for the information and update about the Monroe NY real estate market.

 

Jul 12, 2018 05:53 AM #10
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