MyMarketPulse (mymarketpulse.com) recently disclosed its February 2024 findings on the housing market conditions in Morris County, New Jersey.
The report shows that the Median Sale Price in Morris County reached $605,000 as of February 2024, marking an increase of 0.80% over the previous month and a 8.10% rise compared to a year ago.
During this period, 228 homes were sold in the area, reflecting a decrease 8.10% compared to the month beforeand and a decrease of 5.00% from the same month in the previous year.
Additionally, the Median Days on Market for listings was observed at 24 days, 1 day shorter compared to the previous month and shorter by 12 days from last year.
With a Market Pulse Score of 83, the analysis suggests a falling trend in Morris County’s housing market momentum.
For more information about the Morris County, New Jersey market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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