The housing market in Reform continues to see strong price appreciation, with values up 607.4% compared to last year. Home prices have increased 59.9% in the past month alone. With 9 active listings, inventory is 350% higher than seasonal norms. Properties are selling within just 66 days on average, much faster than the historical norm of 1922 days. A significant 22.2% 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 Reform market with the affordability index at 831.5. Based on current market indicators, home prices in Reform are projected to increase by approximately 8.5% over the next month.
Reform, AL has a total population of 1,854 residents. White residents make up 34.1% of the population, African American residents comprise 61.0% of the community. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Reform, AL.
Crime analysis for Reform, AL shows 6 total incidents across all categories. The most prevalent crime type is Assault (50.0% of all incidents). This is followed by Property Crime at 50.0%. The crime rate in Reform, AL is very low, with violent crimes being more common than property crimes. This suggests Reform, AL is generally a safe area for residents and visitors.
Market predictions for Reform, AL show an upward trend in home prices, with values increasing by 3.4%. This suggests a gradual price adjustment in the market. The current median home price in Reform, AL is approximately $265,616.844. The stable price trend suggests a balanced market in Reform, AL, suitable for both buyers and sellers.
Investment hotspot data for Reform, AL is currently unavailable.
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