The first half of 2025 has been a strong one for Morris County’s real estate market, with conditions continuing to favor sellers 💪.

📉 Inventory remains tight, starting the year at just 0.96 months of supply and rising modestly to 1.62 months by May—still well below a balanced market.

💲 Prices are on the rise: the median sold price in February hit $615,000 and reached $725,000 in June—up 1.8% year-over-year 📊.

⚡ Homes are selling fast and over asking:

In May, the average list-to-sold ratio was 106.3%

76% of June sales closed above list price 🚀

Average days on market remain low at just 18 days ⏱️

💡 What this means for sellers:

🔥 Strong buyer demand + limited supply = an excellent time to list

🎯 Well-priced homes—especially those with standout marketing—can attract multiple offers and premium prices

⏳ Rising inventory later this year may temper bidding wars, so acting sooner could be advantageous

✅ Bottom line: Morris County remains a robust market for sellers. Strategic pricing, professional marketing, and local expertise are key to maximizing your sale in 2025.

Whether you're selling or buying, staying informed, agile, and well-advised will be your greatest asset! 🗝️

As always, I’m here to answer any questions you have about our local real estate market.

Ready to talk strategy?
I’m just a call or text away!
Debra Burke
📱201-230-4725