With only 2.7 months of inventory, Owens Cross Roads remains a seller's market. Home prices have decreased 4.0% in the past month. With 2.7 months of supply, Owens Cross Roads's inventory levels remain relatively tight. Homes are now taking an average of 96 days to sell, significantly longer than the 35 days typical for this market. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 11.1% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Owens Cross Roads market with the affordability index at 987.4. Based on current market indicators, home prices in Owens Cross Roads are projected to increase by approximately 10.8% over the next month.
Owens Cross Roads, AL has a total population of 2,239 residents. The area is predominantly White (83.4%), The African American population is 10.4%. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Owens Cross Roads, AL.
Crime analysis for Owens Cross Roads, AL shows 11 total incidents across all categories. The most prevalent crime type is Assault (63.6% of all incidents). This is followed by Property Crime at 27.3%. The crime rate in Owens Cross Roads, AL is very low, with violent crimes being more common than property crimes. This suggests Owens Cross Roads, AL is generally a safe area for residents and visitors.
Market predictions for Owens Cross Roads, AL show an upward trend in home prices, with values increasing by 3.4%. This suggests a gradual price adjustment in the market. The current median home price in Owens Cross Roads, AL is approximately $314,923.825. The stable price trend suggests a balanced market in Owens Cross Roads, AL, suitable for both buyers and sellers.
Investment hotspot data for Owens Cross Roads, AL is currently unavailable.
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