The present housing market in Glencoe is down with high active listings and low sales volume. Home prices have increased 95.0% in the past month alone. With 3.0 months of supply, Glencoe's inventory levels remain relatively tight. Properties are selling within just 13 days on average, much faster than the historical norm of 111 days. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 20.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Glencoe market with the affordability index at 195.3. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
Glencoe, AL has a total population of 5,017 residents. The area is predominantly White (96.3%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Glencoe, AL.
Market predictions for Glencoe, AL show an upward trend in home prices, with values increasing by 2.0%. This suggests a gradual price adjustment in the market. The current median home price in Glencoe, AL is approximately $209,749.772. The stable price trend suggests a balanced market in Glencoe, AL, suitable for both buyers and sellers.
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