How competitive is the Monroe housing market?

Monroe is competitive as of August 2026, with a Sold Score of 83/100 (Excellent Chance of Selling). **Pending ratio** is 0.74 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is -9.1% — fewer choices for buyers than a year ago. **Median days on market** is 39. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 40.0% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (August 2026): Sold Score: 83/100 (Excellent Chance of Selling) · Pending ratio: 0.74 · Inventory YoY: -9.1% · Median days on market: 39 · Sellers cutting price: 40.0% · Median listing price: $309,900 (-3.1% YoY)