With only 1.2 months of inventory, Morrisville remains a seller's market. Home prices have decreased 9.2% in the past month. At the current pace, all available homes in Morrisville would sell out in just 1.2 months, indicating a continued supply shortage. Properties are selling within just 11 days on average, much faster than the historical norm of 24 days. A significant 36.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Morrisville market with the affordability index at 283.8. Based on current market indicators, home prices in Morrisville are projected to decrease by approximately 15.2% over the next month.
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