Monroe NY Real Estate Results - February 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 February 2019.  The number of monthly sales decreased from the previous month, available inventory decreased and sales prices increased.

 

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

 
Sales Volume

 

In the month of February 2019, there were 14 single family home sales. This number was less than the January results, but that is typical February behavior. That being said, February 2019 sales were 40% higher than last February, so this year is definitely starting off stronger than 2018. Also, there are 42 homes currently under contract with nearly half going under contract at least a month and a half ago. Those sales will probably show up in the March results.

 

In terms of inventory, at the end of January 2019 there were 88 homes on the market while at the end of February there were only 75, a decrease of 15%. At the end of February 2018, there were 78 homes on the market, so the market is carrying just about the same level of inventory as a year ago. Also of interest, the current number of active listings represents less than 4 months of inventory. That means that at this moment, the market is leaning towards a seller's market. I do expect a few more homes on the market by the March report, which should get us back to a balanced market.

 
Median Sales Prices

 

The median sales price for February 2019 was $309,250, an increase of about 12% over January 2019 and just a bit higher than the same time last year. Those are healthy results for the area. And just some informational tidbits: the most expensive house and least expensive house in February were both cape-cod style homes. The lowest priced one was a 1928 three bedroom, one bath home with 1,600 square feet. It was a foreclosure that sold for $136K. On the high end was a four bedroom, three bath home with 2,300 square feet of space. This home had hardwood floors, an eat-in kitchen and central air conditioning and it sold for $380K.

 
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 - February 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

facebook    Kat's Homes

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Rainer
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The RE Geek Coach
The RE Geek - Wilmington, NC
RE Coach helping YOU build a better business!

Just out of curiousity, about how many homes are there in Monroe?

Mar 04, 2019 12:20 PM #1
Rainmaker
1,405,648
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

The RE Geek Coach 

Good morning! In the town of Monroe are about 8036 homes.

Mar 05, 2019 03:49 AM #2
Rainmaker
3,192,196
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

All together now...everyone sing..:"GREAT TIME TO SELL"...that would be a song NAR should sing !

Mar 05, 2019 05:49 AM #3
Rainmaker
1,093,916
Barbara Michaluk
Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434 - Silver Spring, MD
Top Producing / Full Service REALTOR in Marylan

Kat, February  tends to be slow in Maryland as well but I'm sure the spring market will show a big increase in sales.  Best wishes!

Mar 06, 2019 05:50 AM #4
Ambassador
3,045,563
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I can always depend on you, Kat Palmiotti , to give us the best market report of Monroe, New York...

Mar 06, 2019 04:23 PM #5
Rainmaker
1,405,648
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Sally K. & David L. Hanson - Great time to sell, we should know well, being realtors and all, don't wait for the Fall, do it now while it's slow, and then watch it grow (etc etc)

Barbara Michaluk - I'm sure you are right about a big increase in sales.

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

Mar 07, 2019 02:28 AM #6
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 market.

Mar 07, 2019 06:28 AM #7
Rainmaker
3,177,302
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kat love your Market Trends Report of Monroe NY I hope it will generate a buyer as well as a seller from this post. BTW do you  push it out to LinkedIn? Endre

Mar 07, 2019 10:39 PM #8
Rainmaker
1,963,178
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Kat Palmiotti - Your market reports are purely honest and always changing. That's why it should behoove any serious prospective seller and buyer to check with you first when getting ready to list or buy. 

Mar 09, 2019 08:23 AM #9
Rainmaker
1,405,648
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Thank you for your comment, Gabe Sanders !

No I don't, but that's a great idea, Endre Barath, Jr. - although I'll wait until I get to Montana to start that!

Thank you Patricia Feager, MBA, CRS, GRI,MRP - The phone lines are open!

Mar 09, 2019 10:00 AM #10
Rainmaker
1,850,438
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Kat - now is the time to get your home ready and list it  with Kat Palmiotti to get ahead of everyone else.

Mar 11, 2019 05:01 AM #11
Rainmaker
1,405,648
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Thank you Grant Schneider - The phone lines are open!

Mar 11, 2019 06:43 AM #12
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