With only 2.0 months of inventory, Hammondville remains a seller's market. Home prices have increased 35.3% in the past month alone. With 2.0 months of supply, Hammondville's inventory levels remain relatively tight. Homes are taking about 18 days to sell, which is NaN days longer than this time last year. A significant 50.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (100.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Hammondville market with the affordability index at 3724.8. Based on current market indicators, home prices in Hammondville are projected to decrease by approximately 5.0% over the next month.
Hammondville, AL has a total population of 398 residents. The area is predominantly White (100.0%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Hammondville, AL.
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