Monroe NY Real Estate Results - June 2019

By
Real Estate Agent with Grand Lux Realty 914-419-0270 (NY), kat@thehousekat.com, (MT) 406-270-3667, more information to be provided shortly 10301213186

The Monroe, NY real estate results are available for June 2019.  The number of monthly sales, sales prices and available inventory all increased.

 

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

 

Sales Volume

In the month of June 2019, there were 18 single family home sales which was an increase over May of 12%. However, June's results were 18% lower than the same month last year when there were 24 sales. There are currently 54 homes under contract which is only a few more than a month ago. As I mentioned last month, sales are continuing but at a slower rate than last year.

 

Inventory

In terms of inventory, there are currently 147 homes on the market. At the end of May there were 115, a 22% increase in just one month. As is typical this time of year, the inventory levels are increasing as more homes come on the market. At the end of June of last year, though, there were only 120 homes on the market. In fact, current inventory is higher than it's been in several years.

 

Also of interest, at least 15 of the homes listed as active have an accepted offer. Subtracting those from the 147 homes on the market represents about seven months of available inventory. My last report indicated five months of inventory, so the market is definitely changing. At this point, it is balanced, with neither sellers nor buyers having the upper hand. It's on the edge though of becoming a buyer's market. Sellers who waited until now to sell may have to build in a longer time frame for their sale.

 

Median Sales Prices

The median sales price for June 2019 was $322,500, which is an increase of 5% over the previous month but down from the same time last year. The slight increase over last month is encouraging, but as mentioned last month, this year's prices have been lower than last year. With the current high inventory levels, I don't expect big price increases this year. In fact, I wouldn't be surprised if prices remained relatively flat, or even fell off a bit. We'll have to see what July results show.

 

Type of homes being sold

To get an idea of the types of homes that are selling, the lowest priced home sold in June was a two bedroom, one bath ranch style home with 826 square feet of living space. Believe it or not, that's almost exactly the same as the lowest priced home that sold last month. The ranch was listed as needing some "TLC." It was listed at $155K and sold for $143K. That's lower than the lowest priced home last month.

 

The most expensive home that sold in June was a four bedroom, three full and two half bath Colonial style home with nearly 5,000 square feet of living space. This home included 1.4 acres of land, radiant heat in the floors, a professional kitchen, butler's pantry, heated three-car garage, concrete pool, hot tub and more. This home was listed at $719K and sold at $695K. That's higher than the highest priced home last month.

 

Summary

It's a great time to buy and a good time to sell.  If you need assistance doing either, give me a call me on 914-419-0270 or email me at kat@thehousekat.com.

Monroe NY Real Estate Results - June 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

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,918,144
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Kat - the market has seen a shift.  A balanced market is an opportunity for both buyers and sellers.

Jul 02, 2019 10:48 AM #1
Rainmaker
1,435,090
Kat Palmiotti
Grand Lux Realty 914-419-0270 (NY), kat@thehousekat.com, (MT) 406-270-3667, more information to be provided shortly - Kalispell, MT
The House Kat

True, Grant Schneider - Thanks for stopping by!

Jul 03, 2019 02:46 AM #2
Rainmaker
5,379,220
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local market reports.

Have a very special holiday weekend.

Jul 03, 2019 06:20 AM #3
Rainmaker
3,166,119
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Kat and thanks for the updated report for the Monroe area.  Hope you are having a great week!

 

Jul 07, 2019 09:17 AM #4
Rainmaker
1,435,090
Kat Palmiotti
Grand Lux Realty 914-419-0270 (NY), kat@thehousekat.com, (MT) 406-270-3667, more information to be provided shortly - Kalispell, MT
The House Kat

Roy Kelley - Thank you! I hope you had a wonderful weekend.

Will Hamm - And thank you for your comment!

Jul 08, 2019 03:08 AM #5
Rainmaker
3,251,634
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Balance is a good thing....less thinventory and more opportunity !

Jul 08, 2019 05:25 AM #6
Rainmaker
1,918,144
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Kat - I just had a one to one with an agent in Westchester and each town seems to be different although it tends to be closer to a buyers market here.

Jul 08, 2019 08:06 AM #7
Ambassador
3,099,040
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 It is always a joy to read a well thought out and professional market report. Thank you for sharing Kat Palmiotti 

Jul 09, 2019 06:28 AM #8
Rainmaker
1,435,090
Kat Palmiotti
Grand Lux Realty 914-419-0270 (NY), kat@thehousekat.com, (MT) 406-270-3667, more information to be provided shortly - Kalispell, MT
The House Kat

Yes, Sally K. & David L. Hanson - Balance is definitely a good thing!

Thanks for commenting, Grant Schneider - Even in Orange County, one town is very hot and one is just warm. :-)

Paul S. Henderson, REALTOR®, CRS - Thanks for your kind words!

Jul 09, 2019 11:04 AM #9
Rainmaker
2,017,319
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Kat Palmiotti - I love what you did with this marketing report! It's very consumer friendly and informative too! 

You rock!!!

Jul 14, 2019 01:49 PM #10
Rainmaker
1,435,090
Kat Palmiotti
Grand Lux Realty 914-419-0270 (NY), kat@thehousekat.com, (MT) 406-270-3667, more information to be provided shortly - Kalispell, MT
The House Kat

Thank you Patricia Feager, MBA, CRS, GRI,MRP ! I always appreciate your comments!

Jul 15, 2019 03:04 AM #11
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,435,090

Kat Palmiotti

The House Kat
Ask me a question
*
*
*
*
Spam prevention