Monroe County Market Pulse: Are We Entering a Spring Surge?

Spring may have just begun, but Monroe County’s real estate market is already heating up like mid-summer. The week ending March 22, 2025, showed signs of acceleration across nearly every major metric.

Here’s what we’re seeing:

•Median Sales Price: Up to $250,000, an 8.7% increase week-over-week.

•Listings Over Asking: 69.5% of homes closed above list price, suggesting multiple-offer situations are becoming common again.

•List-to-Sale Ratio: Sellers received 113.5% of their asking price on average.

•Inventory: Dropped to 345 homes, down 2.5%.

•New Listings: Fell by 9.4%, with just 154 homes hitting the market.

•Cash Buyers: Their share dropped sharply to 25.4%, suggesting financed buyers are making a comeback.

•Original List Price: Slight rise to $227,400, reflecting sellers’ continued confidence.

Market Outlook:

This data paints a picture of a tight inventory environment where buyer demand remains high. If you’re looking to sell, the conditions are in your favor. Buyers should be prepared, pre-approved, and ready to act quickly.

Expect continued pressure on prices and competition to intensify in early April unless listing activity improves. If you’re planning a move this season, now’s the time to strategize.

Need expert guidance? Let’s talk about how to navigate this shifting market—whether you’re buying, selling, or investing.