With only 1.0 months of inventory, Nectar remains a seller's market. The median home price in Nectar currently stands at $68,000. At the current pace, all available homes in Nectar would sell out in just 1.0 months, indicating a continued supply shortage. Homes are taking about 99 days to sell, which is NaN days longer than this time last year. A significant 100.0% 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 Nectar market with the affordability index at 1339.9. Based on current market indicators, home prices in Nectar are projected to increase by approximately 15.2% over the next month.
Nectar, AL has a total population of 769 residents. The area is predominantly White (64.6%), Hispanic/Latino residents represent 17.7% of the population. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Nectar, AL.
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