With only 2.0 months of inventory, Coaling remains a seller's market. Home prices have increased 11.5% in the past month alone. With 2.0 months of supply, Coaling's inventory levels remain relatively tight. Homes are taking about 47 days to sell, which is NaN days longer than this time last year. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Coaling market with the affordability index at 1750.0. Based on current market indicators, home prices in Coaling are projected to decrease by approximately 19.2% over the next month.
Coaling, AL has a total population of 1,840 residents. The area is predominantly White (73.4%), The African American population is 7.4%. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Coaling, AL.
Crime analysis for Coaling, AL shows 3 total incidents across all categories. The most prevalent crime type is Assault (100.0% of all incidents). The crime rate in Coaling, AL is very low, with violent crimes being more common than property crimes. This suggests Coaling, AL is generally a safe area for residents and visitors.
Market predictions for Coaling, AL show an upward trend in home prices, with values increasing by 13.4%. This represents a significant price movement in the market. The current median home price in Coaling, AL is approximately $243,661.277. Based on current trends, home prices in Coaling, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
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