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| JULY 2025 | |||
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| Units Sold 43 |
Active Inventory 84 |
Median Sale Price $340,000 |
Days On Market 41 |
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| Up Vs. Year Ago |
Up 9% Vs. Year Ago |
Up 28% Vs. Year Ago |
Down -5% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in July, with 43 sold this month in Morgan County Real Estate. This month's total units sold was higher than at this time last year. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 7 units or 9%. The total number of active inventory this July was 84 compared to 77 in July 2024. This month's total of 84 is lower than the previous month's total supply of available inventory of 96, a decrease of 13%. |
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Median Sale Price
Last July, the median sale price for Morgan County Homes was $265,000. This July, the median sale price was $340,000, an increase of $75,000 compared to last year. The current median sold price is higher than in June. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 31 |
Current Contracts 33 |
Sold Vs. List Price 96.7% |
Months of Supply 2.0 |
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| Up 41% Vs. Year Ago |
Up 57% Vs. Year Ago |
No Change Vs. Year Ago |
Down -42% Vs. Year Ago |
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Months of Supply
In July, there was 2.0 months of supply available in Morgan County, compared to 3.3 in July 2024. That is a decrease of 42% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 31 homes newly listed for sale in Morgan County compared to 22 in July 2024, an increase of 41%. There were 33 current contracts pending sale this July compared to 21 a year ago. The number of current contracts is 57% higher than last July. |
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Sale Price to List Price Ratio
In July, the average sale price in Morgan County was 96.7% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 41, lower than the average last year, which was 43, a decrease of 5%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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