Currently there are 362 properties listed for sale in Spring Hill Tn as of October 7th 2011 and there were 42 properties that sold and closed in Spring Hill in the time period of September 1st 2011 through September 30th 2011. Courtesy of Realtracs as of October 7th 2011.

Active  362 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 1 0 $78,900 $0 0
AVG 2,378 3.48 2.34 0.56 $255,356 $0 101
MEDIAN 2,253 3 2 1 $208,650 $0 76
MAX 5,002 5 4 2 $8,980,000 $0 584
  Closed  42 Properties Found                 Home Sales Spring Hill Tn
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 600 1 1 0 $37,100 $30,000 0
AVG 2,185 3.36 2.24 0.4 $206,162 $202,510 81
MEDIAN 2,118 3 2 1 $176,750 $175,500 81
MAX 3,613 5 4 1 $439,900 $439,900 407

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 September 2011. The above chart shows that there are 362 listed properties in Spring Hill as a whole and the absorption rate of 42 residential properties a month. This means that as of October 7th 2011, Spring Hill as a whole has 8.62 months of inventory.

When looking back in the six month period from April 1st 2011 through September 30 th 2011, the absorption rate comes out to 53.5 residential properties a month. This adjusts our months of invertory to 6.8 months of inventory. This is a wider view of what has occured in terms of sales over the past six months and how the current level of  inventory compares to those sales of the six month period.

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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