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Monroe NC Real Estate Market Report--April-June 2010

Monroe NC Real Estate Market Report—April-June 2010

Click here to see other Monroe NC real estate market reports, both updated and historical.

How did the Monroe NC real estate market fare in the second quarter of 2010 and how did it compare with 2009?

The number of homes sold in Monroe NC during the second quarter 2010 was up 140% over the first quarter of the year.  The average sales price in the second quarter increased 10% over the first quarter and 5% over the average sales price in 2009.  This increased activity and the increased prices were most likely due to the federal tax credits.

The number of townhomes quadrupled in the second quarter of 2010 and the average sales price increased 7% over the first quarter.  The average sales price for townhomes remained below the average sales price in 2009.

Monroe NC Average Real Estate Prices, Homes Sold, and Average Days on Market

The chart below shows average sales prices in Monroe NC for single family homes and townhomes in 2008 and 2009 plus first and second quarter 2010.

Single Family Homes in Monroe NC

2009 Average Sales Price:  $124,851   First Quarter 2010 Average Sales Price:  $119,357  Second Quarter 2010 Average Sales Price:  $131,493

2009 Number of Homes Sold:  218    First Quarter 2010 Number of Homes Sold:  30  Second Quarter 2010 Number of Homes Sold:  72   

2009 Average Days on Market:  117   First Quarter 2010 Average Days on Market:  127   Second Quarter 2010 Average Days on Market:  99

Townhomes and Condominiums in Monroe NC

2009 Average Sales Price:  $125,269    First Quarter 2010 Average Sales Price:  $109,617   Second Quarter 2010 Average Sales Price:  $117,525  

2009 Number of Homes Sold:  15       First Quarter 2010 Number of Homes Sold:  2    Second Quarter 2010 Number of Homes Sold:  8    

2009 Average Days on Market:  93     First Quarter 2010 Average Days on Market:  399    Second Quarter 2010 Average Days on Market:  101

Source:  Carolina Multiple Listing Service

Most Active Neighborhoods in Monroe NC

The most active Monroe NC neighborhoods are listed below. 

Windy Ridge

Hamilton Place

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Monroe NC Real Estate Market Report—April-June 2010*
Posted: Monday, July 19, 2010 2:24 PM by Carol Fox

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