MORGAN COUNTY HOUSING MARKET DATA

There was a decrease in total units sold in August, with 28 sold this month in Morgan County Real Estate versus 43 last month, a decrease of 35%. This month's total units sold was higher than at this time last year, an increase of 4% versus August 2024.

Versus last year, the total number of homes available this month is lower by 6 units or 6%. The total number of active inventory this August was 91 compared to 97 in August 2024. This month's supply remained stable as compared to last month.

Last August, the median sale price for Morgan County Homes was $290,000. This August, the median sale price was $354,500, an increase of 22% or $64,500 compared to last year. The current median sold price is 4% higher than in July.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In August, there was 3.3 months of supply available in Morgan County, compared to 3.6 in August 2024. That is a decrease of 10% 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.

This month there were 41 homes newly listed for sale in Morgan County compared to 52 in August 2024, a decrease of 21%. There were 34 current contracts pending sale this August compared to 28 a year ago. The number of current contracts is 21% higher than last August.

In August, the average sale price in Morgan County was 97.2% of the average list price, which is 4.2% lower than at this time last year.

This month, the average number of days on market was 34, which is similar compared to a year ago.





FOCUS ON: MORGAN COUNTY HOUSING MARKET			AUGUST 2025

Units Sold 28	Active Inventory 91	Median Sale Price $354,500	Days On Market 34

Up 4% Vs. Year Ago	Down -6% Vs. Year Ago	Up 22% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was a decrease in total units sold in August, with 28 sold this month in Morgan County Real Estate versus 43 last month, a decrease of 35%. This month's total units sold was higher than at this time last year, an increase of 4% versus August 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 6 units or 6%. The total number of active inventory this August was 91 compared to 97 in August 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last August, the median sale price for Morgan County Homes was $290,000. This August, the median sale price was $354,500, an increase of 22% or $64,500 compared to last year. The current median sold price is 4% higher than in July. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 41	Current Contracts 34	Sold Vs. List Price 97.2%	Months of Supply 3.3

Down -21% Vs. Year Ago	Up 21% Vs. Year Ago	Down -4.1% Vs. Year Ago	Down -9% Vs. Year Ago


		Months of Supply In August, there was 3.3 months of supply available in Morgan County, compared to 3.6 in August 2024. That is a decrease of 10% 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.
New Listings & Current Contracts This month there were 41 homes newly listed for sale in Morgan County compared to 52 in August 2024, a decrease of 21%. There were 34 current contracts pending sale this August compared to 28 a year ago. The number of current contracts is 21% higher than last August.
		Sale Price to List Price Ratio In August, the average sale price in Morgan County was 97.2% of the average list price, which is 4.2% lower than at this time last year. Days on Market This month, the average number of days on market was 34, which is similar compared to a year ago.



	*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.