Monroe NY Real Estate Results - July 2019

By
Real Estate Broker/Owner with 406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty RRE-BRO-LIC-75443

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

 

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

 

Sales Volume

In the month of July 2019, there were 20 single family home sales which was a 10% increase over June. However, July's results continue the recent trend of sales that are lower than the same month last year.  That being said, there are currently 76 homes under contract which is 40% more than the same time last month. So while sales results are continuing at a slower rate than last year, that may change in the next month or so.

 

Inventory

In terms of inventory, there are currently 126 homes on the market. At the end of June there were 147, a 14% decrease in just one month. This agrees with the higher number of homes under contract as mentioned above; more homes are going under contract than are coming onto the market.

 

Also of interest, at least 11 of the homes listed as active have an accepted offer. Subtracting those from the 126 homes on the market represents about six months of available inventory. My last report indicated seven months of inventory, so this also agrees with the information above that sales are increasing. At this point, the market remains balanced, with neither sellers nor buyers having the upper hand.

 

Median Sales Prices

The median sales price for July 2019 was $319,000, which is a slight reduction over the previous month but basically on the same level. This year's prices have been lower than last year and as mentioned last month, I don't expect big price increases this year.

 

Type of homes being sold

To get an idea of the types of homes that are selling, the lowest priced home sold in July was a six bedroom, one bath home built in 1900. It had ~1,650 square feet of living space and a quarter acre of land. This was a foreclosed home (three of the sales this month were foreclosures). The pictures indicated it probably needed a lot of work. It was listed at $95K and sold for $128K.

 

The most expensive home that sold in July was a five bedroom, three and a half bath Colonial style home with ~ 3,500 square feet of living space. This home included two third acres of land, a kitchen with island, tiled backsplash, granite counters, and oak flooring with mahogany inlay, gas fireplace, finished basement with home theater and more. This home was listed at $539,900 and sold at $520K.

 

Summary

It remains a great time to buy and a good time to sell in the Monroe NY area.

 
Special Note

This will be my final Monroe NY market report, as I will be moving to a different state in the near future. However, I will still be a licensed NY real estate agent. If you require any market information, I will still have my finger on the pulse of the Monroe market and would be happy to assist. Also, if you need a real estate professional to help you sell or buy a home, I am able to recommend some wonderful agents. Feel free to continue to call, text or email me: 914-419-0270 or kat@thehousekat.com.

Monroe NY Real Estate Results - July 2019

 

For previous market results reports, click here.

 

Originally published at thehousekat.com.

Posted by

 

Kat Palmiotti, The House Kat

Licensed Broker, CBR®

 

Blackstone Realty Group - brokered by eXp

P.O. Box 10458

Kalispell, MT 59904

 

eXp Realty - New York

 

email: kat@thehousekat.com

www.thehousekat.com

 

406-270-3667 (MT) and 914-419-0270 (NY)

 

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Rainmaker
3,446,329
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Kat. Buyers and sellers in your area should contact you. You got the lay of the land. Enjoy your day 

Aug 02, 2019 04:31 AM #1
Rainmaker
1,763,342
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

thanks for the  market update in Monroe NY _ buyers and sellers planning a move should definitely  contact you to get the best service! 

Aug 02, 2019 05:29 AM #2
Rainmaker
2,057,005
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Kat Palmiotti - you have given great market intelligence for Monroe NY.  Buyers and sellers should contact you.

Aug 02, 2019 07:35 AM #3
Rainmaker
3,321,158
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

That's a lot of inventory, Kat... we continue to struggle with barely two months in most of our market! But at least it would appear that homes continue to sell.

Aug 02, 2019 07:45 AM #4
Rainmaker
1,508,636
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Thank you Wayne Martin !

Thank you also Lise Howe !

Grant Schneider , thank you!

Yes, Nina Hollander - it is a decent amount of inventory!

Aug 02, 2019 09:36 AM #5
Rainmaker
2,115,844
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Kat Palmiotti - It's nice to know sales have increased! Thanks to you, I'm thinking it will be going up in August too!!! 

Aug 03, 2019 03:14 AM #6
Rainmaker
3,315,440
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Kat,  Great blog as always about your market and what is happening and what the past looked like.

 

Aug 03, 2019 09:32 AM #7
Ambassador
3,159,136
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington - Tacoma, WA
South Puget Sound Washington Agent/Broker!

So I see a good supply of inventory...

Have a happy day; I wish you joy  Kat Palmiotti!

Aug 04, 2019 01:50 PM #8
Rainmaker
1,508,636
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Patricia Feager, MBA, CRS, GRI,MRP - I'm sure you are right about the August sales - in the first 4 days, 5 sales closed - so I'm thinking this will be a big month for sales.

Thank you Will Hamm for taking the time to check out the Monroe info!

Paul S. Henderson, REALTOR®, CRS - I hope you have a joyful day as well!

Aug 05, 2019 02:38 AM #9
Rainmaker
3,324,870
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Still getting over asking for fixers !

Aug 06, 2019 06:37 AM #10
Rainmaker
3,272,724
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Nice report as usual Kat. Will look for more blog posts on your new journey...Good luck!

Aug 08, 2019 04:00 AM #11
Rainmaker
2,115,844
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Kat Palmiotti - This post sounds like ancient history now....

I'm so happy your new chapter has begun!!!!

Sep 29, 2019 07:34 AM #12
Rainmaker
1,508,636
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Sally K. & David L. Hanson - fixer uppers are always in demand!

Thank you Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 - I'll have to come up with a good market report once I am officially licensed in MT!

 

Sep 29, 2019 07:45 AM #13
Rainmaker
1,508,636
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Patricia Feager, MBA, CRS, GRI,MRP - Believe it or not, I'm still keeping an eye on the Monroe NY market but the market reports are finished! And yes, this FEELS like ancient history already! :-)

Sep 29, 2019 07:45 AM #14
Rainmaker
2,115,844
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Kat Palmiotti - I hope you continue to get business to refer. You know Monroe so well! May the people never forget you. Personally, I think you're unforgettable in the most positive way! 

Sep 29, 2019 07:52 AM #15
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