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Monroe NC Real Estate Market--Year 2015 First Half

Monroe NC Real Estate Market Report—Year 2015 First Half 

How did the Monroe NC real estate market fare in 2015 and how does it compare with previous years?  The tables below compare the Monroe NC real estate market from 2008 through 2015.  The results of the tables are explained in the frequently asked questions that follow.   Click here to search Monroe NC homes for sale.

 

How many homes sold in Monroe in the first half of 2015?

The first half of the 2015 market was strong  with 204 single family closings. 

Were home prices up or down in 2015?

At $154,900, the median closed price was 9.6% higher than 2014 and the highest since 2007.

How long were Monroe homes on the market in 2015? 

Homes sold faster in Monroe in 2015.  Median days on market this year is 87, a 20% decrease from 2014. 

What was the Monroe condominium and townhome market like in 2015?

Fourteen townhomes and condos sold in 2014 at a median closed price of $148,000.

Were distressed sales a big factor in the 2015 market?

Monroe is still a good place to find foreclosures and short sales although the numbers continue to decline.  Distressed sales accounted for approximately 13% of the 2014 market.

Were there many new homes built in Monroe in 2015?

New home construction accounted for approximately 13% of all sales in the first half of 2015.

What were the top selling neighborhoods in Monroe?

The top neighborhoods were  St Johns Forest,  Lexington Commons,  Glendalough, Colonial Village and Stewart Park.

Single Family Homes in Monroe NC

Monroe Single Family Homes Year 2008 Year 2009 Year 2010 Year 2011 Year 2012 Year 2013 Year 2014 Year 2015 First Half
Median Sales Price $141,500 $121,950 $128,000 $113,950 $106,750 $121,500 $140,000 $154,900
Number of Homes Sold 248 200 173 234 338 367 405 204
Median Days on Market 38 48 83 91 70 80 110 87

Source: Carolina Multiple Listing Service

Types of Closed Sales in Monroe NC

Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 151 74%
New Construction 27 13.2%
Foreclosure 24 11.7%
Short Sales 2 1.1%

Source: Carolina Multiple Listing Service

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

Search for homes in Monroe NC by clicking the links below.  Search results may include properties outside the City of Monroe.

$100,000-$300,000

$300,000-$500,000

$500,000-$750,000

$750,000+

Want to know more about real estate and living in Monroe NC?  Visit www.CarolinaSmallTownLiving.com.

Copyright 2015.  Carol Fox.  Monroe NC Real Estate Agent.  Allen Tate Realtors.  *Monroe NC Real Estate Market Report—Year 2015 First Half*

Posted: Wednesday, August 12, 2015 4:31 PM by Carol Fox

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