How competitive is the Morristown housing market?

Morristown is competitive as of May 2026, with a Sold Score of 48/100 (Fair Chance of Selling). **Pending ratio** is 0.51 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is +5.8% — more choices for buyers than a year ago. **Median days on market** is 59. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 47.2% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (May 2026): Sold Score: 48/100 (Fair Chance of Selling) · Pending ratio: 0.51 · Inventory YoY: +5.8% · Median days on market: 59 · Sellers cutting price: 47.2% · Median listing price: $459,000 (-5.1% YoY)