The housing market in Center Point continues to see strong price appreciation, with values up 34.8% compared to last year. Home prices have decreased 11.4% in the past month. With 8.1 months of supply, Center Point's inventory levels remain relatively tight. Homes are now taking an average of 48 days to sell, significantly longer than the 30 days typical for this market. A significant 27.4% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 22.2% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Center Point market with the affordability index at 78.4. Current trends suggest further price adjustments may occur as the market continues to favor buyers.
Center Point, AL has a total population of 16,358 residents. African American residents comprise 72.1% of the community. The area shows moderate demographic diversity. As a smaller community, Center Point, AL offers a close-knit residential environment.
Market predictions for Center Point, AL show an upward trend in home prices, with values increasing by 4.5%. This suggests a gradual price adjustment in the market. The current median home price in Center Point, AL is approximately $165,166.179. The stable price trend suggests a balanced market in Center Point, AL, suitable for both buyers and sellers.
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