The Morgantown housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 19.4% in the past month alone. With 3.0 months of supply, Morgantown's inventory levels remain relatively tight. Homes are taking about 26 days to sell, which is NaN days longer than this time last year. Only 8.3% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Morgantown market with the affordability index at 830.1. Based on current market indicators, home prices in Morgantown are projected to increase by approximately 8.1% over the next month.
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