Monroe County is showing steady activity with 168 active listings in July and 34 homes under contract. Closings held at 31 homes sold for the second month in a row, even as new listings fell 10 percent from June and more than 30 percent from last year. With months of supply at 4.1, conditions lean toward a neutral balance between buyers and sellers.
Prices are adjusting as inventory and demand shift. The typical home value is about $404,000, down roughly 6 percent from June and 13 percent compared with a year ago, while the median list price has dropped nearly 15 percent year over year. Sellers are still achieving strong outcomes, with the average sale-to-list ratio just over 99 percent and more than a quarter of homes selling above list price.
Homes are taking longer to go under contract, with the median days on market at 61 days, up sharply from last year and higher than many areas of Georgia, where the state’s months of supply sits at 5.3. Even with slower timelines, Monroe County is closing more sales than a year ago and seeing a modest increase in pending contracts. This mix of softer prices, solid contract flow, and balanced supply creates options for both sides of the table, and Agent Pronto can connect buyers and sellers with an agent who understands how to navigate these conditions.
