This is a snapshot of the housing activity in the 37932 zip code, inclusive of all the homes (regardless of price). The upper left box indicates the number of Hardin Valley homes for sale. On 6 June 2020, there were 107 homes for sale in Hardin Valley listed on the MLS . The box to the upper right shows the recent sales activity. In the past 3 months, 165 homes have sold and this puts us at a pace of a 55 sales per month.
In the lower left box, this is known as the absorption rate. It is a fancy term for a number that helps us judge whether the market is a Buyer’s Market (higher than 6), a Seller’s Market (less than 6) or Balanced (6). Hardin Valley’s absorption rate of 1.9 would indicate that we are still in a Seller’s Market. If no new homes were added to the market and we kept selling at a pace of 55/month, all of the houses in 37932 would be sold in less than 2 months!
Even though the market has 107 properties for buyers to choose from, this is not enough to meet the demand of the market. Statistically speaking, sellers with an address in 37932 have a 51% chance of selling within the first month of being on the market. The average house sells much faster but the time on market is skewed by the new construction homes that take longer to sell through the building process. Hardin Valley homes continue to be a hot commodity because of our schools (thank you teachers!), convenient location and new construction of both homes and businesses. Check out my37932.com to see all about our great educators, restaurants and shops.
Adam Wilson is a realtor who focuses on the Hardin Valley homes for sale and helps all sorts of people whose housing no longer fits their current lifestyle. He listens to their needs, gets them out of their current place and into just the right house so that home can be a place they want to be.