The $89,450 price tag on the median Morris home means that it is very cheap in comparison to the rest of the nation.
Is Morris a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Morris there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Can we guarantee how well Morris is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
If you are looking at investment properties in Morris, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.