At press time, there were only 93 Hamilton Mill homes available for sale. For the last 5 years or more, that number has rarely dropped below 100, maxed out near 200, and probably averaged around 130 or 140 homes for sale in Hamilton Mill.
What does that mean for Hamilton Mill?
So, there’s good news and bad news…
The good news is that less inventory is generally a good thing if you are a home owner and resident (or seller). If you were buying a Hamilton Mill home today, you’d have less to choose from and would most likely pay a bit more for whichever home you selected. Again, good news for the seller.
The bad news for buyers and sellers is that the lower inventory in Hamilton Mill is also a function of homeowners “waiting out the market” by keeping their house off the market until their perception of the market improves. None of that really encourages short term growth in the local real estate market.
My conclusion…
I’d much rather have lower inventory. Now we just need higher transaction volume to go along with it!
