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