The present housing market in Gurley is down with high active listings and low sales volume. Home prices have decreased 29.7% in the past month. With 6 active listings, inventory is 500% higher than seasonal norms. Sales volume is down 83% 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 Gurley market with the affordability index at 1580.5. Based on current market indicators, home prices in Gurley are projected to increase by approximately 12.7% over the next month.
Gurley, AL has a total population of 543 residents. The area is predominantly White (90.2%), The African American population is 6.4%. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Gurley, AL.
Crime analysis for Gurley, AL shows 7 total incidents across all categories. The most prevalent crime type is Assault (71.4% of all incidents). This is followed by Others at 14.3%. The crime rate in Gurley, AL is very low, with violent crimes being more common than property crimes. This suggests Gurley, AL is generally a safe area for residents and visitors.
Market predictions for Gurley, AL show relatively stable home prices with minimal change (-0.1%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Gurley, AL is approximately $146,350.271. The stable price trend suggests a balanced market in Gurley, AL, suitable for both buyers and sellers.
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