Monroe NY Real Estate Results - November 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 November 2018.  The number of monthly sales and available inventory decreased from last month and sales prices increased. Monroe is still experiencing a balanced market. That makes now a good time to buy or sell.

 

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

 
Sales Volume

In the month of November 2018, there were 14 sales. This number was nearly half of the previous month and 20% less than the same time last year. Sales do tend to decline late in the year, so the decrease is no surprise. In terms of inventory, at the end of the month, there were 120 homes on the market which is 46% higher than the same time last year. So while inventory is currently dropping (from 128 in October), the market remains balanced and it is not the seller's market of last year.

 
Median Sales Prices

The median price for November 2018 was $306,450, which is 18% higher than last month and 2% lower than last year. As indicated in my October report, October sales included 30% foreclosed properties which may have pulled the results for that month down. Since median prices have been above $300K for much of the year, we may be back to "normal" for the year.

 
Days on Market

The homes that sold in January took more than four and a half months to get to signed contract. In November, the time to get to contract for the homes that sold was around two and a half months. Shorter time to contract typically indicates a hotter market. The Monroe market remains healthy.

 
Bottom Line

The real estate market in the town of Monroe NY has moved into a more balanced market.  Prices in the last month seem to be back to normal for the year. Overall inventory levels are 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, let's do it. 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 Real Estate Results - November 2018

 

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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Rainmaker
167,758
Faye Y. Taylor
StepStone Realty, LLC - Floresville, TX
Homes for Sale Floresville, La Vernia & San Antoni

Kat Palmiotti   Love to see other areas of the country and how they are faring

Dec 03, 2018 01:00 PM #1
Rainmaker
5,268,541
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local market reports.

Dec 04, 2018 05:58 AM #2
Ambassador
3,045,274
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 I enjoyed your analysis of what is happening in Monroe New York. You are that area authority we all look up to Kat Palmiotti 

Dec 04, 2018 06:40 AM #3
Rainmaker
1,850,115
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Kat - although a balanced market you certainly have a healthy market.

Dec 04, 2018 11:29 AM #4
Rainmaker
511,307
Francine Viola
Coldwell Banker Evergreen Olympic Realty, Olympia WA - Olympia, WA
REALTOR®, In Tune with your Real Estate Needs

Good to see the stats for Monroe NY.  Very interesting to see what is going on in other parts of the country.

Dec 04, 2018 03:50 PM #5
Rainmaker
1,405,632
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Thank you for stopping by Faye Y. Taylor !

Roy Kelley - Thank you for your comments as well!

Thanks Paul S. Henderson, REALTOR®, CRS !

Dec 05, 2018 03:14 AM #6
Rainmaker
1,405,632
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

I do believe the market here is healthy, Grant Schneider .

I agree, Francine Viola . I like to see what's going on in other parts of the country as well.

Dec 05, 2018 03:15 AM #7
Rainmaker
3,071,952
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Kat,  another great report for buyers and sellers and also us here in the rain!

Dec 05, 2018 09:00 AM #8
Rainmaker
1,405,632
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Thank you Will Hamm ! Have a wonderful day!

Dec 06, 2018 03:10 AM #9
Rainmaker
3,192,032
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Balance is a good thing ...thinner inventory as you point out...but better some than none !

Dec 06, 2018 04:23 AM #10
Rainmaker
4,796,551
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 keeping us updated about the Monroe NY real estate results.

 

Dec 06, 2018 05:19 AM #11
Rainmaker
4,431,983
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Dec 08, 2018 03:44 AM #12
Rainmaker
1,405,632
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Sally K. & David L. Hanson - Yes some inventory is better than no inventory.

Gabe Sanders - And thank you for reading and commenting!

Gita Bantwal - Thank you for your comment!

Dec 08, 2018 11:22 AM #13
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