The Triana housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 10.5% in the past month alone. With 4.3 months of supply, Triana's inventory levels remain relatively tight. Sales volume is down 50% compared to seasonal expectations. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 11.1% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Triana market with the affordability index at 1309.9. Based on current market indicators, home prices in Triana are projected to decrease by approximately 10.2% over the next month.
Triana, AL has a total population of 2,544 residents. White residents make up 38.4% of the population, African American residents comprise 45.3% of the community. with Asian residents representing 5.1%. This creates a relatively diverse demographic makeup for the area. The small population size creates an intimate community atmosphere in Triana, AL.
Crime analysis for Triana, AL shows 6 total incidents across all categories. The most prevalent crime type is Property Crime (50.0% of all incidents). This is followed by Assault at 50.0%. The crime rate in Triana, AL is very low, with violent crimes being more common than property crimes. This suggests Triana, AL is generally a safe area for residents and visitors.
Market predictions for Triana, AL show an upward trend in home prices, with values increasing by 12.4%. This represents a significant price movement in the market. The current median home price in Triana, AL is approximately $341,861.691. Based on current trends, home prices in Triana, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
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