Monroe NC Real Estate Market Report—July-September 2010
How did the Monroe NC real estate market fare in the third quarter of 2010 and how does 2010 market activity compare with 2009?
Market activity in Monroe NC dropped in the third quarter of 2010 both in number of sales and in average sales price. Single family average prices were off 1% from 2009 prices and off 6% from the second quarter of 2010. There were 43% fewer single family homes sold in the third quarter than in the second quarter. There haven’t been many townhome or condominium sales in Monroe in 2010. Average prices in the third quarter dropped 15% from 2009 and were off 9% the third quarter.
Monroe NC Average Real Estate Prices, Homes Sold, and Average Days on Market
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 Third Quarter 2010 Average Sales Price: $123,724
2009 Number of Homes Sold: 218 First Quarter 2010 Number of Homes Sold: 30 Second Quarter 2010 Number of Homes Sold: 72 Third Quarter 2010 Number of Homes Sold: 41
2009 Average Days on Market: 117 First Quarter 2010 Average Days on Market: 127 Second Quarter 2010 Average Days on Market: 99 Third Quarter Average Days on Market: 121
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 Third Quarter 2010 Average Sales Price: $106,555
2009 Number of Homes Sold: 15 First Quarter 2010 Number of Homes Sold: 2 Second Quarter 2010 Number of Homes Sold: 8 Third Quarter 2010 Number of Homes Sold: 5
2009 Average Days on Market: 93 First Quarter 2010 Average Days on Market: 399 Second Quarter 2010 Average Days on Market: 101 Third Quarter 2010 Average Days on Market: 119
Source: Carolina Multiple Listing Service
Most Active Neighborhoods in Monroe NC
The most active 2009 Monroe NC neighborhoods are listed below.
Windy Ridge
Hamilton Place
Copyright 2010. Carol Fox. Allen Tate Realtors. *Monroe NC Real Estate Market Report—July-September 2010*
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