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Monroe NC Real Estate Market Report--July-September 2010

Monroe NC Real Estate Market Report—July-September 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 third quarter of 2010 and how does 2010 market activity compare with 2009?

Market activity in Monroe NC dropped in the third quarter of 2010 both in number of sales and in average sales price.  Single family average prices were off 1% from 2009 prices and off 6% from the second quarter of 2010.  There were 43% fewer single family homes sold in the third quarter than in the second quarter.  There haven’t been many townhome or condominium sales in Monroe in 2010.  Average prices in the third quarter dropped 15% from 2009 and were off 9% the third quarter.

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

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  Third Quarter 2010 Average Sales Price:  $123,724

2009 Number of Homes Sold:  218    First Quarter 2010 Number of Homes Sold:  30  Second Quarter 2010 Number of Homes Sold:  72   Third Quarter 2010 Number of Homes Sold:  41 

2009 Average Days on Market:  117   First Quarter 2010 Average Days on Market:  127   Second Quarter 2010 Average Days on Market:  99  Third Quarter Average Days on Market:  121

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  Third Quarter 2010 Average Sales Price:  $106,555  

2009 Number of Homes Sold:  15       First Quarter 2010 Number of Homes Sold:  2    Second Quarter 2010 Number of Homes Sold:  8     Third Quarter 2010 Number of Homes Sold:  5

2009 Average Days on Market:  93     First Quarter 2010 Average Days on Market:  399    Second Quarter 2010 Average Days on Market:  101  Third Quarter 2010 Average Days on Market:  119

Source:  Carolina Multiple Listing Service

Most Active Neighborhoods in Monroe NC

The most active 2009 Monroe NC neighborhoods are listed below. 

Windy Ridge

Hamilton Place

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Monroe NC Real Estate Market Report—July-September 2010*

Posted: Friday, October 29, 2010 8:55 AM by Carol Fox

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