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.