Monroe NY Real Estate Results - January 2019

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 January 2019.  The number of monthly sales increased over the last month, while available inventory decreased. Sales prices also decreased. Based on current inventory levels, Monroe is on the cusp of becoming a seller's market.

 

Following is an overview of the January 2019 Monroe NY results.

 
Sales Volume

In the month of January 2019, there were 22 single family home sales. This number was nearly double the December 2018 results. And it was exactly double the same time last year. So Monroe NY homes are definitely selling. There are also 38 homes currently under contract with nearly 20 of those going under contract last year. I expect those to be closing soon. Those sales will probably show up in the February results.

 

In terms of inventory, at the end of December 2018 there were 102 homes on the market while at the end of January there were only 88, a decrease of 14%. At the end of January a year ago, there were only 66 homes on the market, which was a seller's market. We're nearly at a seller's market now, but my expectation is that more homes will come on the market as we get closer to Spring.

 
Median Sales Prices

The median sales price for January 2019 was $276,750, a decrease of about 11% over December 2018, but a 9% increase over the same time last year. The seven lowest priced sales in January included five foreclosures, a short sale, and cash-only as-is sale. Without them, the median would have been $305K, right on par with December. As inventory shrinks, more of the distressed-type properties are purchased because choices are slimmer. It's not surprising to see median prices decline somewhat at this time.

 
Summary

It remains a great time to sell, especially because the inventory has decreased and buyers need more choices. If you are a seller and want to put your home on the market, let's do it. Soon the Spring market will be in full swing and the competition will heat up!

 

If you are a buyer, there are still some opportunities but it's important to be ready to make an offer as soon as you find "the" house. The best way to ensure you're ready is to talk to a real estate professional. I'm happy to help if you are in Orange or Rockland Counties!

 

Call me on 914-419-0270 or email me at kat@thehousekat.com.

Monroe NY Real Estate Results - January 2019

 

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
3,163,709
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Kat. A good market for sellers and not a bad market for the savvy buyer. Enjoy your day 

Feb 02, 2019 04:12 AM #1
Rainmaker
983,648
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Home prices are relatively high for east coast.  I hope it holds up in 2019. Our area saw a 10% drop near highest paid tech companies. Zero appreciation during 2018. No more paying 300K over to please greedy sellers.

Feb 02, 2019 04:50 AM #2
Rainmaker
1,401,904
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Good morning Wayne Martin - Yes, savvy buyers can still find something, and sellers can sell! 

Sam Shueh - I don't think $300K is a high median price for the area, and wow, paying $300K over list price! That's a lot...

Feb 02, 2019 05:21 AM #3
Rainmaker
3,063,516
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Kat,  Great information one again for buyers and sellers in your area and us here in the rain.  Make it a great weekend.

 

Feb 02, 2019 07:09 AM #4
Rainmaker
1,152,724
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Kat Palmiotti - Another smart market report.  I think you really do a service in your area by highlighting this year to last year comparisons, especially during the colder and snowy months. That definitely has an effect on sales.

Feb 02, 2019 07:49 AM #5
Rainmaker
1,401,904
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Thank you Will Hamm - I hope the rest of your weekend goes well also!

Sheri Sperry - MCNE® - Thank you very much! Sometimes lower prices or a change in sales volume isn't really the start of a new trend.

Feb 03, 2019 03:21 AM #6
Rainmaker
4,018,153
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kat, thanks for sharing your market report for the Monroe market - you are the expert, and buyers/sellers should give you a call when ready to move.

Feb 03, 2019 07:45 AM #7
Rainer
357,297
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Feb 03, 2019 06:24 PM #8
Rainmaker
1,401,904
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Thank you for your kind words, Joan Cox .

Thank you Sally Crane - I hope your week is wonderful!

Feb 04, 2019 03:31 AM #9
Rainmaker
3,184,740
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Wow...double the sales...looks like Monroe is off and running and a great time to list wtth Kat Palmiotti to call it SOLD !

Feb 05, 2019 04:22 AM #10
Ambassador
3,041,051
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Bravo Kat Palmiotti for another excellent market report of your Monroe...

Feb 05, 2019 10:19 PM #11
Rainmaker
1,401,904
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Thank you Sally K. & David L. Hanson - I'm ready to help sellers sell!

Paul S. Henderson, REALTOR®, CRS - Thank you for your comment!

Feb 06, 2019 03:12 AM #12
Rainmaker
4,796,451
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 market.

Feb 06, 2019 06:34 AM #13
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