Monroe NC Real Estate Market Report—April-June 2011
Monroe NC is the county seat of Union County NC. A beautiful restored courthouse sits in the heart of downtown Monroe where many historic homes can be found.
The single family median price improved in the second quarter of 2011 compared with the first. The median price was up 9.5% although still below median prices for 2010. The number of homes sold from April to June remained nearly the same as the first quarter. Median days on market dropped slightly. Only two townhomes or condos sold in the second quarter. The median price increased 55.3% while days on market increased to almost two years.
What do the second quarter 2011 numbers mean for Monroe NC buyers and sellers?
- Sellers in Monroe saw some relief from the drastically lower prices of the first quarter.
- Buyers for properties in Monroe can find affordable prices.
Single Family Homes
| Monroe Single Family Homes | Year 2008 | Year 2009 | Year 2010 | Quarter 1 Year 2011 | Quarter 2 Year 2011 |
| Median Sales Price | $141,500 | $121,950 | $128,000 | $105,000 | $115,000 |
| Number of Homes Sold | 248 | 200 | 173 | 44 | 45 |
| Median Days on Market | 38 | 48 | 83 | 97 | 93 |
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 |
| Median Sales Price | $119,235 | $123,740 | $157,933 | $65,000 | $100,950 |
| Number of Homes Sold | 23 | 15 | 17 | 6 | 2 |
| Median Days on Market | 88 | 10 | 84 | 428 | 596 |
Source: Carolina Multiple Listing Service
Copyright 2011. Carol Fox. Allen Tate Realtors. *Monroe NC Real Estate Market Report—April-June 2011*
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