Morenci's real estate market is currently hot with low inventory and high demand. Home prices have increased 7.2% in the past month alone. With 3.3 months of supply, Morenci's inventory levels remain relatively tight. Homes are now taking an average of 216 days to sell, significantly longer than the 42 days typical for this market. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Morenci market with the affordability index at 325.6. Based on current market indicators, home prices in Morenci are projected to decrease by approximately 8.8% over the next month.