Monroe NY Real Estate Results:
As seen below, the Monroe, NY real estate results are now available for the October 2016 period.
The median sales price in Monroe NY moved up to $326,500 in September, and then dropped to $243,500 in October. While the lack of distressed properties might have been part of the high results in September, they were also part of the reason for the low results in October. Twenty-two percent of the homes sold in October were either foreclosures or short sales.
Regarding sales volume, sales volume remains healthy in the Monroe NY area, with 18 sales in September. Available inventory continues to decrease. The high this year was in the Spring when 148 single family homes were on the market. As of November 2nd, there were only 92 homes for sale. The continued healthy sales volume should eventually help push prices up, but as can be seen by the small graph on the top of the chart, the median prices year-to-date in 2016 are slightly lower than 2015. They haven’t moved up yet.
The bottom line is that in the Monroe area, sales volume continues to be strong, but prices are not making significant strides.
I can provide data for all of Orange County – If you want more information about Monroe or any other Orange County area, feel free to call me on 914-419-0270 or email me at firstname.lastname@example.org.