Vincent's real estate market is experiencing a price correction, with values down 16.4% from last year. Home prices have decreased 10.1% in the past month. With only 1 active listings, inventory is 80% lower than typical for this time of year. Homes are now taking an average of 55 days to sell, significantly longer than the 10 days typical for this market. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Vincent market with the affordability index at 763.5. Based on current market indicators, home prices in Vincent are projected to increase by approximately 12.0% over the next month.
Vincent, AL has a total population of 1,940 residents. The area is predominantly White (86.5%), The African American population is 12.4%. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Vincent, AL.
Market predictions for Vincent, AL show relatively stable home prices with minimal change (0.4%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Vincent, AL is approximately $235,097.553. The stable price trend suggests a balanced market in Vincent, AL, suitable for both buyers and sellers.
Investment hotspot data for Vincent, AL is currently unavailable.
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