The Mulga housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 31.2% in the past month. With 6.0 months of supply, Mulga's inventory levels remain relatively tight. Homes are taking about 49 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. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Mulga market with the affordability index at 425.5. Based on current market indicators, home prices in Mulga are projected to increase by approximately 3.1% over the next month.
Mulga, AL has a total population of 740 residents. The area is predominantly White (82.7%), The African American population is 14.6%. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Mulga, AL.
Market predictions for Mulga, AL show an upward trend in home prices, with values increasing by 2.1%. This suggests a gradual price adjustment in the market. The current median home price in Mulga, AL is approximately $57,922.756. The stable price trend suggests a balanced market in Mulga, AL, suitable for both buyers and sellers.
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