Inventory in Morgan County stayed relatively lean in July, with about 294 active listings and only 1.9 months of supply, well below Indiana’s 2.8 months. Even as active listings dipped more than 11 percent from last year, homes sold slipped only about 4 percent, and pending sales were down around 8 percent, signaling steady but slightly cooler contract activity.
Pricing has been adjusting rather than surging, with the typical home value around $316,000, a small decline from a year ago despite a more than 7 percent month-over-month rise. Sellers are still achieving strong results, as the average sale-to-list ratio is nearly 99 percent and the share of homes selling above asking has climbed to roughly 23 percent, up notably from both last month and last year.
Days on market tell a story of shifting pace, now at a median of 22 days, which is about 60 percent slower than a year earlier but much faster than the winter peak of over two months. Properties can still move quickly, with over a third going off the market in two weeks, yet buyers have a bit more breathing room than they did recently. Agent Pronto can connect both buyers and sellers with an experienced Morgan County agent who understands these local trends and can guide them through their next move.
