$119K  
The Morton market broke below its 12-month average sales volume this week as sales fell 33.3% to hit two homes sold over the last 30 days. Meanwhile, close-by Drexel Hill reported 23 homes sales, the highest number from all the surrounding cities. The median sales price continued to fall, hitting a three-month low at $66,049. With only two months of inventory to sell, Morton is still a strong seller's market, even after taking into consideration the falling prices.
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$119K  
Morton has a population that is older than most in Pennsylvania with a median age of 39 years. Also, it's very affluent with a median income of $57,094 per household. Morton is an area where 50.5% of the homes are owned, while 42.5% are rented. The top school in the city is Amosland Elementary School.
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$249K  
The Morton market got good news this week as sales rose 50.0% to reach three homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. To put it in perspective, close-by Drexel Hill registered 34 homes sold in the same time frame, the most of all surrounding cities. Potential buyers should note that prices are coming down in Morton, and for this period the median sales price slid from $132,549 to $90,000. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Morton is a strong seller's market.
Comments:

$249K  
The Morton market is currently in the middle of an extended upward sales trend, even as sales remained flat at two homes sold over the last 30 days. Potential buyers should note that prices are coming down in Morton, and for this period the median sales price slid from $214,000 to $132,549. Despite the flat sales, a relatively low three months of inventory remaining indicates that Morton is a seller's market.
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$190K  
The Morton market saw sales remain flat this week with two homes sold over the last 30 days and new listings also remain flat at one. The median sales price remained unchanged over the latest reporting period for Morton, coming in at $214,000. With only two months of inventory to sell, Morton is a strong seller's market, in spite of the flat sales.
Comments:

$248K  
There were two home sales in the Morton market over the last 30 days. To put it in perspective, close-by Drexel Hill registered 17 homes sold in the same time frame, the most of all surrounding cities. Prices are rising in Morton, and the median sales price this period increased from $205,000 to $214,000. With just three months of inventory available and sales going up, Morton is a seller's market.
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$248K  
Sales fell this week to one home sold in the Morton market over the last 30 days. However, a six-week positive trend for contracts was extended, with two pending transactions in the same time frame. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. Prices are rising in Morton, and the median sales price this period increased from $149,950 to $205,000.
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$119K  
Morton is a larger than average city in Pennsylvania with 2,669 residents. Its population is shrinking slightly slower than the rest of the state, at a 10-year growth rate of -0.7%. The Morton market is primarily made up of detached houses, which currently account for 80% of the homes for sale in the area. The best school in the city is Amosland Elementary School.
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$119K  
The Morton market improved in this week's report, as the number of sales went up to two homes sold over the last 30 days. Within the same time frame, Springfield had 26 sales, the most of all cities in the area. The median sales price continued to fall, trending downwards for four weeks to reach $149,950. With just two months of inventory available and sales going up, Morton is a definite seller's market.
Comments:

$248K  
The Morton market added another one transaction over the last 30 days. With one price reduction, the lowest amount since September, the market may be looking for a higher price point. When comparing other close-by municipalities within the same period, the most came from Springfield with 30 price reductions. Pricing in Morton remains consistent from last week to this week, with the median sales price at $94,900 again.
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