Monroe NY Real Estate Results - September 2018

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

The Monroe, NY real estate results are available for September 2018. Well, to be honest, they've been available for weeks but I just realized now that I did not share them. So here they are! The number of monthly sales increased, available inventory increased from last month and sales prices are healthy but lower. If you are a buyer, there is still a decent level of inventory. If you are a seller, it is still a good time to put your home on the market.

 

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

 
Sales Volume

In the month of September 2018, there were 29 sales which 25% more than the previous month and 50% more than last year. In terms of inventory, as of October 6th, there were 140 single family homes on the market, which was 6 more than the previous month. As of October 24th, though, that number dropped to 130. I track inventory weekly, and the last three weeks in a row have seen a decline in available homes.

 
Median Sales Prices

The median price for September 2018 was $315K, which is 10% lower than last month and 5% lower than the same time last year. This might be good news for buyers and not so good news for sellers, but we'll need to see whether this is a trend. There were six foreclosed properties that closed this month, which could have depressed the result slightly.

 
Days on Market

The homes that sold in January took more than four and a half months to get to signed contract. In September, the time to get to contract for the homes that sold was around two and a half 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 the last few months, there were several sales in September that were under contract in a few week's time.

 
Bottom Line

The real estate market in the town of Monroe NY remains healthy.  Prices are over $300K in terms of median price range. Inventory is decreasing slightly. 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 if you are in Monroe or Orange County! To get started, call me on 914-419-0270 or email me at kat@thehousekat.com.

Monroe NY Homes for Sale

 

For previous market results reports, click here.

 

Originally posted at thehousekat.com.

Comments (9)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Kat. Looks like your market is very stable. Thanks for the update. Enjoy your day!

Oct 25, 2018 04:11 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Kat Palmiotti your market continues to be strong....buyers and sellers would be wise to call you for guidance with entering the real estate market...

Oct 25, 2018 05:32 AM
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.

Oct 25, 2018 05:38 AM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will certainly appreciate your local market reports.

Oct 25, 2018 03:13 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Kat Palmiotti - You are lucky to live in an area where the market is strong and steady! Buyers and Sellers should have confidence in your expertise knowing you always do your best for them. Also, your local market reports are very thorough and easy to comprehend.

Well done, Kat!

Oct 25, 2018 05:18 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Good morning Wayne Martin - Yes, the market is steady.

Thank you Barbara Todaro - The phone lines are open!

And thank you for reading and commenting Gabe Sanders .

Thank you Roy Kelley 

Oct 26, 2018 02:37 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Thank you Patricia Feager ! I find that preparing to do market reports is great because when someone asks me about the market, the information is always very fresh (as of two days ago, there were 130 homes on the market etc etc). Thank you!

Oct 26, 2018 02:40 AM
Barbara Michaluk
Weichert Realtors | Phone Direct 240-506-2434 | 301-681-0550 office - Silver Spring, MD
Leisure World Specialist / Full Service REALTOR

Kat, it looks like you know your market and would be a great choice for anyone looking to buy or sell in Monroe, NY

Oct 27, 2018 06:11 AM