Valley Head's real estate market is experiencing a price correction, with values down 70.0% from last year. Home prices have decreased 60.0% in the past month. With 4.0 months of supply, Valley Head's inventory levels remain relatively tight. Homes are now taking an average of 178 days to sell, significantly longer than the 71 days typical for this market. 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 Valley Head market with the affordability index at 617.0. Based on current market indicators, home prices in Valley Head are projected to increase by approximately 10.6% over the next month.
Valley Head, AL has a total population of 967 residents. The area is predominantly White (89.3%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Valley Head, AL.
Crime analysis for Valley Head, AL shows 7 total incidents across all categories. The most prevalent crime type is Property Crime (71.4% of all incidents). This is followed by Assault at 28.6%. The crime rate in Valley Head, AL is very low, with violent crimes being more common than property crimes. This suggests Valley Head, AL is generally a safe area for residents and visitors.
Market predictions for Valley Head, AL show relatively stable home prices with minimal change (0.0%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Valley Head, AL is approximately $66,374.33. The stable price trend suggests a balanced market in Valley Head, AL, suitable for both buyers and sellers.
Investment hotspot data for Valley Head, AL is currently unavailable.
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