Hardin Valley Real Estate Market Update – March 2019

Hardin Valley Real Estate Market Update – March 2019

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 14 March 2019, 93 homes are listed for sale on the MLS. The box to the upper right shows the recent sales activity. In the past 3 months, 98 homes have sold and this puts us at a pace of a rounded up 33 sales per month. February sales (43 homes) represent an expected surge in activity following the holiday season.

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 2.8 would indicate that we are still in a Seller’s market even though the winter Hardin Valley real estate market traditionally slows down. If no new homes were added to the market and we kept selling at a pace of 33/month, all of the houses in 37932 would be sold in less than 3 months! Statistically speaking, sellers with an address in 37932 have a 35% chance of selling within the first month of being on the market. 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.

my37932.com is a community resource provided by Adam Wilson Realty (865.622.5171) to promote positive news about the individuals and businesses that make up our zip code. Our guiding principle for my37932.com is:

We’ve found that people are just too busy to explore our community, so we made it easy to introduce them to the public service heroes, restaurants and businesses that are specific to Hardin Valley so that they can proudly live, eat and shop local.

Adam Wilson Realty, realtors who focus on buying and selling homes in 37932 and help all sorts of people whose housing no longer fits their current lifestyle. We listen to their needs, get them out of their current place and into just the right house so that home can be a place they want to be.

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