Friday, May 20, 2011
Real estate trends in Hardin & Meade Co. KY
Now that we are heading into summer and the water level is receding, folks are looking to sell their homes because we are approaching the "busy season". But how is the market compared to a year ago? From 5/20/2009-5/20/2010 there were 1485 sales with a median sales price of $141,000 in Hardin and Meade Counties. So far in the past 12 months we have seen 1355 sales but the median sales price is $157,000 according to the HKAR MLS. Although there has been less activity in the past year, values are going up. I've also been noticing several subdivisions around the neighboring counties that have inventory in excess of 12 months, which could be a combination of relocations out of Ft. Knox, increasing confidence in the economy and folks who have been waiting on the busy season to sell. All in all the market in the Ft. Knox area is doing well, and we are looking forward to the rest of the year.