Between 11/6/2010 and 2/5/2011(Current 3 months) there were 24 single family sales in Morristown the Median price was $377, 500.

In the prior 3 months there were 29 sales of single family dwellings in Morristown. The median sale price was $355,000.

In the 12 months ending on 2/5/2011 122 single family dwellings sold in Morristown with a median sale price of $378,000.

As of February 6^th 2011 there were 69 active listings of single family dwellings in Morristown representing approximate 6.8 months of supply.

Based on the data above it appears that the market shows some signs of stability, considering the median price and seasonality (last 3 months). Inventory levels are well below other markets in the State and approaching historical norms.