Southside's real estate market is currently hot with low inventory and high demand. Home prices have increased 2.7% in the past month alone. At the current pace, all available homes in Southside would sell out in just 1.7 months, indicating a continued supply shortage. Transaction volume is up 450% compared to what's typically expected this time of year. A significant 28.9% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 13.6% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Southside market with the affordability index at 301.9. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
Southside, AL has a total population of 9,100 residents. The area is predominantly White (92.6%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Southside, AL.
Crime analysis for Southside, AL shows 25 total incidents across all categories. The most prevalent crime type is Assault (64.0% of all incidents). This is followed by Property Crime at 32.0%. The crime rate in Southside, AL is very low, with violent crimes being more common than property crimes. This suggests Southside, AL is generally a safe area for residents and visitors.
Market predictions for Southside, AL show an upward trend in home prices, with values increasing by 3.5%. This suggests a gradual price adjustment in the market. The current median home price in Southside, AL is approximately $321,516.113. The stable price trend suggests a balanced market in Southside, AL, suitable for both buyers and sellers.
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