Over the past four years, the Monroe single family real estate market has been improving in number of sales, but fluctuating in median prices. From 2012 to 2013, there was a 10 percent decrease in the median sale price ($347,500 vs. $384,900), but there was a 19% increase in the number of sales (195 vs. 158).
The number of Days on Market has decreased from 2012, which is good news for home buyers.
However, the number of available homes for sale has also decreased, which is frustrating for buyers, and may ultimately lead to fewer sales.
- See more at: http://www.fairfieldcountyshoreline.com/blog?post=Monroe-Year-End-Market-Report-2013&xid=040600-02#sthash.X3yA5mfz.dpuf