Tarrant's real estate market is experiencing a price correction, with values down 35.8% from last year. Home prices have increased 52.9% in the past month alone. With 5.5 months of supply, Tarrant's inventory levels remain relatively tight. Properties are selling within just 12 days on average, much faster than the historical norm of 69 days. A significant 27.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Tarrant market with the affordability index at 89.4. Looking ahead, the Tarrant market is expected to maintain its current trajectory with relatively stable conditions.
Tarrant, AL has a total population of 6,884 residents. White residents make up 31.9% of the population, African American residents comprise 47.4% of the community. This creates a relatively diverse demographic makeup for the area. The small population size creates an intimate community atmosphere in Tarrant, AL.
Crime analysis for Tarrant, AL shows 7 total incidents across all categories. The most prevalent crime type is Assault (85.7% of all incidents). This is followed by Property Crime at 14.3%. The crime rate in Tarrant, AL is very low, with violent crimes being more common than property crimes. This suggests Tarrant, AL is generally a safe area for residents and visitors.
Market predictions for Tarrant, AL show an upward trend in home prices, with values increasing by 2.5%. This suggests a gradual price adjustment in the market. The current median home price in Tarrant, AL is approximately $80,075.663. The stable price trend suggests a balanced market in Tarrant, AL, suitable for both buyers and sellers.
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