The 2011 Monroe NC Real Estate Market--Five Facts
It's time to look at the real estate market in Monroe NC and to assess how home buyers and home sellers fared in 2011. Monroe offers some of the most affordable housing in Union County NC.
Here are five facts about the Monroe marketplace in 2011.
- 234 single-family homes sold in Monroe, the most since 2008.
- Prices continued to decline with the median sales price of single-family homes dropping to $113,950.
- Townhomes and condominiums were a very small part of the marketplace with only 10 units sold during the year.
- Over 30% of the year's home sales were foreclosures and short sales.
- New construction accounted for only 7% of Monroe's home sales.
What do these five facts mean for Monroe buyers and sellers?
- The distressed sales that are a large part of the Monroe market created great buying opportunities and most likely increased the number of homes sold.
- The price declines since 2008 have caused headaches for Monroe's home sellers.
- Opportunities to buy a townhome or new construction are limited in Monroe.
Want to learn more about the real estate market in Monroe and see all the numbers for each of the past four years? Want to know where the most active Monroe neighborhoods were in 2011? Click on the link below.
Monroe NC Real Estate Market Report--Year 2011
Copyright 2012. Carol Fox. Allen Tate Realtors. *The 2011 Monroe NC Real Estate Market--Five Facts*
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