As seen below, the year of 2015 has wrapped up, and the December 2015 real estate results for Monroe, NY are now available.
So what’s been going on with 2015 Monroe NY real estate? Have we seen price increases? Decreases?
As can be seen above, with the exception of a few second quarter dips, median prices in Monroe have remained in the $250K and above range. If you were to add a linear trend line to the above graph, it would go straight across right above $250K which could mean prices are (overall) flat. That being said, when comparing overall 2015 prices to 2014 prices, this year has seen a decrease in prices. The average sale price in 2014 was $294K, while in 2015 the average is around $279K. So for house sellers, that continues to be less than stellar news.
Regarding sales volume, this year has seen slightly more Monroe NY homes sold than in 2014. Sales do typically slow down after the summer is over, so the above dip in October through December is normal although December was lower than this time last year with 9 sales in 2015 versus 13 last year. Even with the dip in sales in the last few months, available inventory has been decreasing, with 109 active listings now, down from 150 in September. So that is actually good news for any seller who wants to get their home on the market – competition is currently less than it will be in early Spring.
So the bottom line is that prices in Monroe NY have decreased somewhat and volume has increased slightly. Hopefully as inventory continues to decline, prices will move up. In the meantime, if you want more information about Monroe or any other Orange County area, just call me on 914-419-0270 or email me at email@example.com.
Originally published in ActiveRain.