Morgan County Real Estate Market Continues Weakening in Contracts

Over the last 30 days, the Morgan County market was steady and saw 98 homes sold. However, the number of pending transactions continued to decline, with a total of 80 transactions during the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Prices are falling in Morgan County, and this period the median price of all sales fell from $137,166 to $136,500. Morgan County is a solid buyer's market with seven months of inventory to choose from, aided by the downturn in contracts.

If you have been waiting for prices to drop, now is your chance to look at these listings in Morgan County:

$319K   $950K   $549K  

Get started right now by checking out Morgan County homes for sale or reviewing Morgan County real estate trends.

Demographic facts about Morgan County:

  • The population density is 170.5 people per square mile.
  • The lifestyle rating here is 41. (Scale: 1 = Worst, 100 = Best)
  • 83.3% of the residents commute to work alone in their car, 10.3% via carpool, and 0.1% by way of public transit.

Data reported through 10/12/2016

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