Monroe NC Real Estate Market Report—April-June 2010
How did the Monroe NC real estate market fare in the second quarter of 2010 and how did it compare with 2009?
The number of homes sold in Monroe NC during the second quarter 2010 was up 140% over the first quarter of the year. The average sales price in the second quarter increased 10% over the first quarter and 5% over the average sales price in 2009. This increased activity and the increased prices were most likely due to the federal tax credits.
The number of townhomes quadrupled in the second quarter of 2010 and the average sales price increased 7% over the first quarter. The average sales price for townhomes remained below the average sales price in 2009.
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 and townhomes in 2008 and 2009 plus first and second quarter 2010.
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
2009 Number of Homes Sold: 218 First Quarter 2010 Number of Homes Sold: 30 Second Quarter 2010 Number of Homes Sold: 72
2009 Average Days on Market: 117 First Quarter 2010 Average Days on Market: 127 Second Quarter 2010 Average Days on Market: 99
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
2009 Number of Homes Sold: 15 First Quarter 2010 Number of Homes Sold: 2 Second Quarter 2010 Number of Homes Sold: 8
2009 Average Days on Market: 93 First Quarter 2010 Average Days on Market: 399 Second Quarter 2010 Average Days on Market: 101
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Monroe NC
The most active Monroe NC neighborhoods are listed below.
Windy Ridge
Hamilton Place
Copyright 2010. Carol Fox. Allen Tate Realtors. *Monroe NC Real Estate Market Report—April-June 2010*
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