With only 2.1 months of inventory, Corinth remains a seller's market. Home prices have increased 2.9% in the past month alone. With 94 active listings, inventory is 62% higher than seasonal norms. Transaction volume is up 67% compared to what's typically expected this time of year. A significant 26.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 4.4% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Corinth market with the affordability index at 117.9. Based on current market indicators, home prices in Corinth are projected to decrease by approximately 5.2% over the next month.
Corinth, TX has a total population of 25,748 residents. The area is predominantly White (71.2%), The African American population is 5.9%. The area shows moderate demographic diversity. As a smaller community, Corinth, TX offers a close-knit residential environment.
Crime analysis for Corinth, TX shows 83 total incidents across all categories. The most prevalent crime type is Assault (74.7% of all incidents). This is followed by Property Crime at 16.9%. The crime rate in Corinth, TX is very low, with violent crimes being more common than property crimes. This suggests Corinth, TX is generally a safe area for residents and visitors.
Market predictions for Corinth, TX show an upward trend in home prices, with values increasing by 11.3%. This represents a significant price movement in the market. The current median home price in Corinth, TX is approximately $448,250.075. Based on current trends, home prices in Corinth, TX are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
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