Monroe NC Real Estate Market Report—2009
How did the Monroe NC real estate market fare in 2009 and how did it compare with 2008?
Average sales prices and number of homes sold declined in the Monroe NC real estate market in 2009. Single family home prices and sales were off 18% and 19% from 2008. Similarly townhome/condo prices declined 16% and total sales declined 21% in 2009. Townhome sellers in Monroe sold their homes more quickly in 2009 averaging only 93 days on the market while single family home sellers waited 27% longer for their properties to sell.
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 in 2008 and 2009 plus each 2009 quarter.
Single Family Homes in Monroe NC
2008 Average Sales Price: $153,515 2009 Average Sales Price: $124,851 Year-to-Year Change: -18%
2008 Number of Homes Sold: 271 2009 Number of Homes Sold: 218 Year-to-Year Change: -19%
2008 Average Days on Market: 92 2009 Average Days on Market: 117 Year-to-Year Change: +27%
Townhomes and Condominiums in Monroe NC
2008 Average Sales Price: $149,321 2009 Average Sales Price: $125,269 Year-to-Year Change: -16%
2008 Number of Homes Sold: 19 2009 Number of Homes Sold: 15 Year-to-Year Change: -21%
2008 Average Days on Market: 108 2009 Average Days on Market: 93 Year-to-Year Change: -13%
Source: Carolina Multiple Listing Service
Copyright 2010. Carol Fox. Allen Tate Realtors. *Monroe NC Real Estate Market Report—2009*
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