Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 13% from one year earlier, and down 13% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 160-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 20%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 130-thousand dollars. The number of units sold decreased 35% year-over-year, and decreased 25% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Monroe, MI
Area Information for Monroe, MI
Population:20,059
Median Age:37.98 yr
Median Commute Time:20 mins
Educational Climate*:3
Sales Tax:0%
Population Density:2,182/sq mi
Population Change Since 2000:-6.6%
Closest Airport:Detroit Metropolitan Wayne County
Closest College:Mercy College Of Northwest Ohio
Closest Jr. College:Monroe County Community College
Median Household Income:$43,524
Annual Residential Turnover:0%
Median Home Sales Price:$125,000
Closest Major Sports Team:Toledo Mud Hens (aaa)
Change Avg. Household Income Since 2000:12%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Monroe, MI
Median Age: 37.98Married: 34%Number of Households: 7,952Households with Children: 2,191
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.