With only 1.0 months of inventory, Kinsey remains a seller's market. Home prices have increased 20.1% in the past month alone. At the current pace, all available homes in Kinsey would sell out in just 1.0 months, indicating a continued supply shortage. Homes are now taking an average of 58 days to sell, significantly longer than the 3 days typical for this market. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Kinsey market with the affordability index at 657.2. Based on current market indicators, home prices in Kinsey are projected to decrease by approximately 6.9% over the next month.
Kinsey, AL has a total population of 2,417 residents. White residents make up 45.7% of the population, African American residents comprise 48.7% of the community. This creates a relatively diverse demographic makeup for the area. The small population size creates an intimate community atmosphere in Kinsey, AL.
Crime analysis for Kinsey, AL shows 11 total incidents across all categories. The most prevalent crime type is Property Crime (54.5% of all incidents). This is followed by Assault at 36.4%. The crime rate in Kinsey, AL is very low, with violent crimes being more common than property crimes. This suggests Kinsey, AL is generally a safe area for residents and visitors.
Market predictions for Kinsey, AL show an upward trend in home prices, with values increasing by 2.8%. This suggests a gradual price adjustment in the market. The current median home price in Kinsey, AL is approximately $177,063.782. The stable price trend suggests a balanced market in Kinsey, AL, suitable for both buyers and sellers.
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