Ardmore's real estate market is experiencing a price correction, with values down 14.3% from last year. Home prices have increased 2.9% in the past month alone. With 4.0 months of supply, Ardmore's inventory levels remain relatively tight. Sales volume is down 86% compared to seasonal expectations. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Ardmore market with the affordability index at 1104.3. Based on current market indicators, home prices in Ardmore are projected to increase by approximately 8.3% over the next month.
Ardmore, AL has a total population of 1,363 residents. The area is predominantly White (83.9%), The African American population is 8.9%. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Ardmore, AL.
Crime analysis for Ardmore, AL shows 20 total incidents across all categories. The most prevalent crime type is Property Crime (40.0% of all incidents). This is followed by Assault at 40.0%. The crime rate in Ardmore, AL is very low, with violent crimes being more common than property crimes. This suggests Ardmore, AL is generally a safe area for residents and visitors.
Market predictions for Ardmore, AL show an upward trend in home prices, with values increasing by 5.7%. This indicates a moderate but notable price trend. The current median home price in Ardmore, AL is approximately $206,042.328. Based on current trends, home prices in Ardmore, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
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