The Edgewater housing market is showing balanced conditions with stable prices and moderate inventory levels. The median home price in Edgewater currently stands at $73,000. With 3.0 months of supply, Edgewater's inventory levels remain relatively tight. Homes are taking about 135 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 Edgewater market with the affordability index at 392.5. Based on current market indicators, home prices in Edgewater are projected to increase by approximately 16.1% over the next month.
Edgewater, AL has a total population of 832 residents. African American residents comprise 87.5% of the community. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Edgewater, AL.
Market predictions for Edgewater, AL show a downward trend in home prices, with values decreasing by 12.7%. This represents a significant price movement in the market. The current median home price in Edgewater, AL is approximately $73,982.446. The declining trend suggests this may be a buyer's market, with potential opportunities for those looking to purchase property in Edgewater, AL.
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