The housing market in Brook Highland continues to see strong price appreciation, with values up 13.8% compared to last year. Home prices have increased 35.7% in the past month alone. With 2.0 months of supply, Brook Highland's inventory levels remain relatively tight. Homes are now taking an average of 68 days to sell, significantly longer than the 41 days typical for this market. Only 11.1% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Brook Highland market with the affordability index at 410.4. Based on current market indicators, home prices in Brook Highland are projected to decrease by approximately 16.0% over the next month.
Brook Highland, AL has a total population of 8,683 residents. The area is predominantly White (58.2%), African American residents comprise 17.3% of the community. with Asian residents representing 6.9%. This creates a relatively diverse demographic makeup for the area. The small population size creates an intimate community atmosphere in Brook Highland, AL.
Market predictions for Brook Highland, AL show an upward trend in home prices, with values increasing by 9.0%. This indicates a moderate but notable price trend. The current median home price in Brook Highland, AL is approximately $471,576.208. Based on current trends, home prices in Brook Highland, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
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