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*
Discover Charlotte North Carolina's Best Small Towns
Carol Fox of Allen Tate Realtors has helped people find the right homes and neighborhoods in Charlotte North Carolina's best small towns for twenty five years.
Call Carol Fox at 704-814-6242
to list your property for sale or to purchase a home in
Matthews NC, Mint Hill NC and the small towns of Union County NC, including Stallings NC, Indian Trail NC, Weddington NC, Waxhaw NC, Lake Park NC, Marvin NC, Wesley Chapel NC and Monroe NC.
Search for homes and learn more about these communities
at www.CarolinaSmallTownLiving.com.
