Inventory in Morningside has tightened in this rolling three-month view, with active listings down more than 18 percent from a year ago and new listings falling over 36 percent. Pending sales are also slower year over year, dropping about 14 percent, which points to fewer deals moving into contract. Even with less new inventory coming on, the broader Salem market shows growing supply, with active listings up nearly 8 percent citywide.
Home values in Morningside are adjusting after recent highs. The typical home value over the latest three months is down about 10 percent from last year, while the median list price has slipped nearly 8 percent year over year, signaling more cautious pricing from sellers. Compared with the city of Salem, where prices are up almost 3 percent annually, Morningside is experiencing a softer pricing environment that may offer buyers a bit more negotiating room.
Homes are taking similar time to sell as last year, with the median days on market holding steady at about a month and a half, yet only around 15 percent of recent sales closed above list price, well below last year’s share. The average sale-to-list ratio has nudged just under 99 percent, so most sellers are still achieving close to their asking price even as bidding frenzies cool. Whether you are a buyer looking to capitalize on moderating prices or a seller aiming to price strategically in this changing landscape, Agent Pronto can connect you with a local agent who understands Morningside’s trends.
