Welcome to Carolinas Real Estate Talk Sign in | Help

Carolinas Real Estate Talk

Presenting Information about Real Estate and Living in the Small Towns of the Carolinas

Tags

CarolinaSmallTownLiving!

Monroe NC Real Estate Market Report--April-June 2011

Monroe NC Real Estate Market Report—April-June 2011

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

Monroe NC is the county seat of Union County NC. A beautiful restored courthouse sits in the heart of downtown Monroe where many historic homes can be found.

The single family median price improved in the second quarter of 2011 compared with the first. The median price was up 9.5% although still below median prices for 2010. The number of homes sold from April to June remained nearly the same as the first quarter. Median days on market dropped slightly. Only two townhomes or condos sold in the second quarter. The median price increased 55.3% while days on market increased to almost two years.

What do the second quarter 2011 numbers mean for Monroe NC buyers and sellers?

  • Sellers in Monroe saw some relief from the drastically lower prices of the first quarter.
  • Buyers for properties in Monroe can find affordable prices.

Single Family Homes

Monroe Single Family HomesYear 2008Year 2009Year 2010Quarter 1 Year 2011Quarter 2 Year 2011
Median Sales Price$141,500$121,950$128,000$105,000$115,000
Number of Homes Sold2482001734445
Median Days on Market3848839793

Source: Carolina Multiple Listing Service

Townhomes and Condos

Monroe Townhomes and CondosYear 2008Year 2009Year 2010Quarter 1 Year 2011Quarter 2 Year 2011
Median Sales Price$119,235$123,740$157,933$65,000$100,950
Number of Homes Sold23151762
Median Days on Market881084428596

Source: Carolina Multiple Listing Service

Copyright 2011. Carol Fox. Allen Tate Realtors. *Monroe NC Real Estate Market Report—April-June 2011*

Posted: Sunday, July 17, 2011 11:24 AM by Carol Fox

Comments

New Comments to this post are disabled