With only 2.0 months of inventory, Ragland remains a seller's market. The median home price in Ragland currently stands at $195,000. With 2.0 months of supply, Ragland's inventory levels remain relatively tight. Homes are taking about 45 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 Ragland market with the affordability index at 865.7. Based on current market indicators, home prices in Ragland are projected to decrease by approximately 22.2% over the next month.
Ragland, AL has a total population of 1,885 residents. The area is predominantly White (82.3%), The African American population is 9.3%. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Ragland, AL.
Crime analysis for Ragland, AL shows 11 total incidents across all categories. The most prevalent crime type is Assault (72.7% of all incidents). This is followed by Property Crime at 27.3%. The crime rate in Ragland, AL is very low, with violent crimes being more common than property crimes. This suggests Ragland, AL is generally a safe area for residents and visitors.
Market predictions for Ragland, AL show an upward trend in home prices, with values increasing by 14.2%. This represents a significant price movement in the market. The current median home price in Ragland, AL is approximately $173,363.888. Based on current trends, home prices in Ragland, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
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