With only 1.7 months of inventory, Dora remains a seller's market. Home prices have decreased 22.7% in the past month. At the current pace, all available homes in Dora would sell out in just 1.7 months, indicating a continued supply shortage. Homes are taking about 165 days to sell, which is NaN days longer than this time last year. A significant 40.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Dora market with the affordability index at 531.7. Based on current market indicators, home prices in Dora are projected to increase by approximately 14.1% over the next month.
Dora, AL has a total population of 2,289 residents. The area is predominantly White (61.6%), African American residents comprise 36.9% of the community. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Dora, AL.
Crime analysis for Dora, AL shows 28 total incidents across all categories. The most prevalent crime type is Property Crime (39.3% of all incidents). This is followed by Assault at 35.7%. The crime rate in Dora, AL is very low, with violent crimes being more common than property crimes. This suggests Dora, AL is generally a safe area for residents and visitors.
Market predictions for Dora, AL show a downward trend in home prices, with values decreasing by 11.5%. This represents a significant price movement in the market. The current median home price in Dora, AL is approximately $171,518.698. The declining trend suggests this may be a buyer's market, with potential opportunities for those looking to purchase property in Dora, AL.
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