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| MAY 2025 | |||
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| Units Sold 23 |
Active Inventory 84 |
Median Sale Price $296,000 |
Days On Market 37 |
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| Up Vs. Year Ago |
Up 11% Vs. Year Ago |
Up 14% Vs. Year Ago |
Down -7% Vs. Year Ago |
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Units Sold
With relatively few transactions, there was a decrease in total units sold in May, with 23 sold this month in Morgan County Real Estate. This month's total units sold was higher than at this time last year, an increase from May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 8 units or 11%. The total number of active inventory this May was 84 compared to 76 in May 2024. This month's total of 84 is lower than the previous month's total supply of available inventory of 102, a decrease of 18%. |
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Median Sale Price
Last May, the median sale price for Morgan County Homes was $259,000. This May, the median sale price was $296,000, an increase of 14% or $37,000 compared to last year. The current median sold price is 6% lower than in April. 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 34 |
Current Contracts 45 |
Sold Vs. List Price 98.0% |
Months of Supply 3.7 |
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| Up 6% Vs. Year Ago |
Up 67% Vs. Year Ago |
Up 0.7% Vs. Year Ago |
Down -28% Vs. Year Ago |
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Months of Supply
In May, there was 3.7 months of supply available in Morgan County, compared to 5.1 in May 2024. That is a decrease of 28% 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 34 homes newly listed for sale in Morgan County compared to 32 in May 2024, an increase of 6%. There were 45 current contracts pending sale this May compared to 27 a year ago. The number of current contracts is 67% higher than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Morgan County was 98.0% of the average list price, which is 0.7% higher than at this time last year. Days on Market
This month, the average number of days on market was 37, lower than the average last year, which was 40, a decrease of 8%. | |||
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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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