June 2015 Real Estate Results: Monroe NY 10950
By Kat Palmiotti, Helping your Montana dreams take root
(eXp Commercial, Referral Divison)
As mentioned in my previous posts, the town of Monroe NY real estate market started showing signs of price improvement in 2014 and the first quarter of 2015 continued that positive trend. However, in April and May, Monroe price results dipped, with a return to first quarter levels in June. In January 2015, the median sales price was 15% higher than the same time period in 2014 and in February and March, the 2015 results were about 11% higher. However, the April and May results indicated median sales price drops of ~30% from the March results, with April at 31% and May at 38% of 2014 results. What happened? In both April and May, there were only about ten home sales and many of them were "tough" sales; for example, a very small starter home in a flood zone; a business zoned home that n...
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