The Brent housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 18.9% in the past month. With 5.0 months of supply, Brent's inventory levels remain relatively tight. Homes are now taking an average of 118 days to sell, significantly longer than the 3 days typical for this market. A significant 40.0% 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 Brent market with the affordability index at 336.1. Based on current market indicators, home prices in Brent are projected to increase by approximately 10.9% over the next month.
Brent, AL has a total population of 4,903 residents. The area is predominantly White (53.9%), African American residents comprise 42.1% of the community. This creates a relatively diverse demographic makeup for the area. The small population size creates an intimate community atmosphere in Brent, AL.
Crime analysis for Brent, AL shows 62 total incidents across all categories. The most prevalent crime type is Assault (48.4% of all incidents). This is followed by Property Crime at 41.9%. The crime rate in Brent, AL is very low, with violent crimes being more common than property crimes. This suggests Brent, AL is generally a safe area for residents and visitors.
Market predictions for Brent, AL show relatively stable home prices with minimal change (1.7%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Brent, AL is approximately $205,693.516. The stable price trend suggests a balanced market in Brent, AL, suitable for both buyers and sellers.
Investment hotspot data for Brent, AL is currently unavailable.
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