The present housing market in Hartford is down with high active listings and low sales volume. Home prices have decreased 11.7% in the past month. With 8 active listings, inventory is 167% higher than seasonal norms. Homes are now taking an average of 98 days to sell, significantly longer than the 37 days typical for this market. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Hartford market with the affordability index at 329.9. Current trends suggest further price adjustments may occur as the market continues to favor buyers.
Hartford, AL has a total population of 2,613 residents. The area is predominantly White (63.2%), African American residents comprise 31.0% of the community. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Hartford, AL.
Market predictions for Hartford, AL show relatively stable home prices with minimal change (1.3%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Hartford, AL is approximately $170,836.009. The stable price trend suggests a balanced market in Hartford, AL, suitable for both buyers and sellers.
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