Grayson Valley's real estate market is experiencing a price correction, with values down 20.0% from last year. Home prices have decreased 14.6% in the past month. At the current pace, all available homes in Grayson Valley would sell out in just 1.3 months, indicating a continued supply shortage. Transaction volume is up 143% compared to what's typically expected this time of year. A significant 27.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 11.8% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Grayson Valley market with the affordability index at 152.1. Based on current market indicators, home prices in Grayson Valley are projected to increase by approximately 17.2% over the next month.
Grayson Valley, AL has a total population of 6,240 residents. White residents make up 40.2% of the population, African American residents comprise 47.0% of the community. This creates a relatively diverse demographic makeup for the area. The small population size creates an intimate community atmosphere in Grayson Valley, AL.
Market predictions for Grayson Valley, AL show an upward trend in home prices, with values increasing by 5.8%. This indicates a moderate but notable price trend. The current median home price in Grayson Valley, AL is approximately $163,716.421. Based on current trends, home prices in Grayson Valley, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
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