The housing market in Slocomb continues to see strong price appreciation, with values up 207.1% compared to last year. The median home price of $211,900 represents a substantial 207.1% increase from this time last year. With 4.0 months of supply, Slocomb's inventory levels remain relatively tight. Homes are taking about 75 days to sell, which is 20 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 Slocomb market with the affordability index at 747.4. Based on current market indicators, home prices in Slocomb are projected to decrease by approximately 5.7% over the next month.
Slocomb, AL has a total population of 2,030 residents. The area is predominantly White (70.0%), African American residents comprise 23.2% of the community. The area shows moderate demographic diversity. The small population size creates an intimate community atmosphere in Slocomb, AL.
Market predictions for Slocomb, AL show a downward trend in home prices, with values decreasing by 7.1%. This indicates a moderate but notable price trend. The current median home price in Slocomb, AL is approximately $185,480.708. The declining trend suggests this may be a buyer's market, with potential opportunities for those looking to purchase property in Slocomb, AL.
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