Inventory in Morningside has expanded in this rolling three-month view, with active listings up roughly 26 percent from a year ago. New listings have also risen about 20 percent year over year, and pending sales are up more than 23 percent, signaling stronger contract activity. Homes sold increased nearly 20 percent compared with the same period last year, showing that buyers are engaging despite shifting conditions.
Prices are adjusting in response to this increased activity. The typical home value is down about 8 percent from three months ago and roughly 8 percent from a year earlier, while the median list price has fallen about 11 percent year over year. Compared with the broader Salem market, Morningside’s typical home value sits higher, but both areas are seeing softer prices alongside more options for buyers.
Selling conditions still lean toward sellers, with months of supply at 3.3, below Salem’s 3.7 months yet higher than last year in Morningside. Homes are taking time to move, with a median of 83 days on market in the recent period, and about 22 percent of sales closing above list price as the average sale-to-list ratio hovers near 100 percent. In this kind of nuanced market, Agent Pronto can connect both buyers and sellers with an agent who understands these trends and can guide their next move.
