The Holly Pond housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 17.4% in the past month alone. With 4.0 months of supply, Holly Pond's inventory levels remain relatively tight. Homes are taking about 97 days to sell, which is NaN days longer than this time last year. A significant 50.0% 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 Holly Pond market with the affordability index at 2438.8. Based on current market indicators, home prices in Holly Pond are projected to decrease by approximately 6.0% over the next month.
Holly Pond, AL has a total population of 842 residents. The area is predominantly White (98.8%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Holly Pond, AL.
Market predictions for Holly Pond, AL show a downward trend in home prices, with values decreasing by 3.4%. This suggests a gradual price adjustment in the market. The current median home price in Holly Pond, AL is approximately $239,653.689. The stable price trend suggests a balanced market in Holly Pond, AL, suitable for both buyers and sellers.
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