The housing market in Weaver continues to see strong price appreciation, with values up 22.6% compared to last year. The median home price of $215,000 represents a substantial 22.6% increase from this time last year. With 6.5 months of supply, Weaver's inventory levels remain relatively tight. Sales volume is down 50% compared to seasonal expectations. A significant 30.8% 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 Weaver market with the affordability index at 645.6. Based on current market indicators, home prices in Weaver are projected to decrease by approximately 4.1% over the next month.
Weaver, AL has a total population of 3,190 residents. The area is predominantly White (77.7%), The African American population is 13.8%. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Weaver, AL.
Crime analysis for Weaver, AL shows 56 total incidents across all categories. The most prevalent crime type is Assault (53.6% of all incidents). This is followed by Property Crime at 32.1%. The crime rate in Weaver, AL is very low, with violent crimes being more common than property crimes. This suggests Weaver, AL is generally a safe area for residents and visitors.
Market predictions for Weaver, AL show an upward trend in home prices, with values increasing by 3.3%. This suggests a gradual price adjustment in the market. The current median home price in Weaver, AL is approximately $213,056.088. The stable price trend suggests a balanced market in Weaver, AL, suitable for both buyers and sellers.
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