Currently there are 385 properties listed for sale in Spring Hill Tn as of November 21st 2011 and there were 42 properties that sold and closed in Spring Hill in the time period of October 1st 2011 through October 31th 2011. Courtesy of Realtracs as of November 21, 2011.

 

  Active  385 Properties Found              Homes For Sale Spring Hill Tn
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 800 0 0 0 $59,900 $0 1
AVG 2,413 3.34 2.28 0.57 $258,201 $0 97
MEDIAN 2,374 3 2 1 $213,900 $0 69
MAX 5,002 6 4 2 $8,980,000 $0 629
  Closed  73 Properties Found
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 1,118 0 0 0 $79,900 $77,400 0
AVG 2,201 3.36 2.27 0.59 $205,146 $203,579 85
MEDIAN 2,088 3 2 1 $179,900 $178,100 80
MAX 3,941 5 4 2 $528,010 $528,010 733
  Pending  73 Properties Found
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 1,300 0 0 0 $111,537 $0 0
AVG 2,334 3.33 2.29 0.59 $210,373 $0 77
MEDIAN 2,236 3 2 1 $188,900 $0 84
MAX 3,941 5 4 2 $408,670 $0 496

I can now determine how many months of inventory are currently on the market based on the number of properties currently listed for sale and dividing that number by the the absorption rate for October 2011. The above chart shows that there are 385 listed properties in Spring Hill as a whole and the absorption rate of 73 residential properties a month. This means that as of October 31st 2011, Spring Hill as a whole has 5.27 months of inventory.

Absorbtion Rates are a reflection of how many properties that have sold and closed during a specific period of time. Months of Inventory are a reflection of a given amount of properties that are for sale at a specific point of time compared with the actual number of properties that sold and closed during a spcific period of time.

Now is the time to be in the market, whether you are selling or buying, the deals are here and for sellers, this is a great time to attract buyers. The rates for buyers are at historic lows and there is demand in our market. If you are a seller, you don't want to wait until interest rates go back up pushing more buyers out of the market.

Please feel free to contact us for a free report and evaluation for your property, neighborhood or project.

Spring Hill Tn is located approximately 30 miles south of Nashville and is located just of I-65 and offers easy access to Hwy 31 and I-840 as well. Spring Hill is a growing community with a 2007 population of over 23,000 residents living on just over 17.5 square miles. Spring Hill currently has 13 public schools serving it's students with four of the schools serving the Maury County side of the city.

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