Monroe NC Real Estate Market Report--July-September 2011
Monroe NC Real Estate Market Report—July-September 2011
The number of single family home sales in Monroe
NC increased by a third during the third quarter of 2011. The median sales
price dropped 4.3% during the same period. Days on market have remained stable
in 2011 at approximately 90 days.
Only two townhomes sold in Monroe during the third quarter. The median sales
price increased to $123,450, the highest of 2011. Median days on market saw a
huge improvement, dropping from over a year to under six months.
What do the third quarter 2011 numbers mean for Monroe NC buyers and
sellers?
- Single family home sellers in have seen fairly stable median prices over the
spring and summer of 2011. Townhome sellers saw an improving market.
- Housing, both single family and townhomes, remains more affordable for
buyers in Monroe than recent years.
Single Family Homes
| Monroe Single Family Homes |
Year 2008 |
Year 2009 |
Year 2010 |
Quarter 1 Year 2011 |
Quarter 2 Year 2011 |
Quarter 3 Year 2011 |
| Median Sales Price |
$141,500 |
$121,950 |
$128,000 |
$105,000 |
$115,000 |
$110,000 |
| Number of Homes Sold |
248 |
200 |
173 |
44 |
45 |
60 |
| Median Days on Market |
38 |
48 |
83 |
97 |
93 |
92 |
Source: Carolina Multiple Listing Service
Townhomes and Condos
| Monroe Townhomes and Condos |
Year 2008 |
Year 2009 |
Year 2010 |
Quarter 1 Year 2011 |
Quarter 2 Year 2011 |
Quarter 3 Year 2011 |
| Median Sales Price |
$119,235 |
$123,740 |
$157,933 |
$65,000 |
$100,950 |
$123,450 |
| Number of Homes Sold |
23 |
15 |
17 |
6 |
2 |
2 |
| Median Days on Market |
88 |
10 |
84 |
428 |
596 |
163 |
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Monroe NC Third Quarter
2011
The following neighborhoods had the most sales activity during the third
quarter.
Colonial Village Glendalough
Copyright 2011. Carol Fox. Allen Tate Realtors. *Monroe NC Real
Estate Market Report—July-September 2011*