Loxley's real estate market is experiencing a price correction, with values down 6.6% from last year. The median home price in Loxley currently stands at $336,354. With 2.2 months of supply, Loxley's inventory levels remain relatively tight. Transaction volume is up 38% compared to what's typically expected this time of year. A significant 27.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 22.2% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Loxley market with the affordability index at 890.5. Based on current market indicators, home prices in Loxley are projected to decrease by approximately 15.7% over the next month.
Loxley, AL has a total population of 2,597 residents. The area is predominantly White (92.3%), 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 Loxley, AL.
Crime analysis for Loxley, AL shows 66 total incidents across all categories. The most prevalent crime type is Assault (57.6% of all incidents). This is followed by Property Crime at 39.4%. The crime rate in Loxley, AL is very low, with violent crimes being more common than property crimes. This suggests Loxley, AL is generally a safe area for residents and visitors.
Market predictions for Loxley, AL show an upward trend in home prices, with values increasing by 5.4%. This indicates a moderate but notable price trend. The current median home price in Loxley, AL is approximately $299,109.831. Based on current trends, home prices in Loxley, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
Investment hotspot data for Loxley, AL is currently unavailable.
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