The housing market in Morris continues to see strong price appreciation, with values up 19.3% compared to last year. Home prices have decreased 7.0% in the past month. With 2.8 months of supply, Morris's inventory levels remain relatively tight. Homes are taking about 48 days to sell, which is -13 days longer than this time last year. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Morris market with the affordability index at 620.3. Based on current market indicators, home prices in Morris are projected to decrease by approximately 7.9% over the next month.
Morris, AL has a total population of 1,974 residents. The area is predominantly White (99.7%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Morris, AL.
Crime analysis for Morris, AL shows 7 total incidents across all categories. The most prevalent crime type is Assault (85.7% of all incidents). This is followed by Property Crime at 14.3%. The crime rate in Morris, AL is very low, with violent crimes being more common than property crimes. This suggests Morris, AL is generally a safe area for residents and visitors.
Market predictions for Morris, AL show relatively stable home prices with minimal change (1.8%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Morris, AL is approximately $248,841.225. The stable price trend suggests a balanced market in Morris, AL, suitable for both buyers and sellers.
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