New Listings for Morris County Surge

Morris County single family results came in very strong, with new listings jumping by over 16%. In addition to the pop in new listings, the inventory of homes for sale also increased for the first time in over two years to 2,234 properties, a 5.3% improvement.

Median sale price for a single family home dropped just slightly, but year-to-date median sales price increased from $10,000 to $420,000.

Morris County
Single Family Homes for April
Key Metrics    2018   2019   Change
New Listings  948   1,101  + 16.1%
Closed Sales     372      351   – 5.6%
DOM*              61        58      – 4.9%
Median PX   $445K $440K  – 1.1%
% of PX      98.2%   97.8%    – 0.4%
Inventory     2,121  2,234   + 5.3%
Months Supply  5.0  5.3       + 6.0%
*Days on Market

 

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