Currently there are 427 properties listed for sale in Spring Hill Tn as of March 21st 2011 and there were 79 properties that sold and closed in Spring Hill in the time period of January 1st 2011 through March 15th 2011. Courtesy of Realtracs as of March 21st 2011.

Active  427 Properties Found        Spring Hill Listings
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 600 0 0 0 $60,000 $0 0
AVG 2,347 3.41 2.32 0.52 $247,402 $0 114
MEDIAN 2,224 3 2 1 $199,900 $0 74
MAX 6,994 6 4 2 $8,980,000 $0 714
  Closed  79 Properties Found    Homes for Sale Spring Hill
  Square Feet Bedrooms Full Baths Half Baths List Price Sales Price Days on Market
MIN 1,165 2 2 0 $100,000 $96,500 0
AVG 2,230 3.41 2.34 0.33 $208,271 $202,016 104
MEDIAN 2,237 3 2 1 $185,000 $178,500 116
MAX 3,963 5 4 1 $429,900 $445,000 382

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 of the past 2.5 month period. The above chart shows that there are 427 listed properties in Spring Hill as a whole and the absorption rate of 31.6 residential properties a month. This means that as of March 21st 2011, Spring Hill as a whole has 13.51 months of inventory.

When looking back in the six month period from September 15th 2010 through March 15th, the absorption rate comes out to 36.17 residential properties a month. This adjusts our months of invertory to 11.81 months of inventory. This is a reflection of more people listing their homes for sale now that we have entered the spring months.

 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.

Please feel free to contact me 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.

Franklin, Spring Hill & Columbia Area Real Estate Services - Steve Manley, Realtor The mysearchforhomes.com Team is your dedicated real estate professional in The Greater Nashville Tn area including, Nashville, Brentwood, Franklin, Thompsons Station, Spring Hill, Columbia. Our team is dedicated to support you with all your listing and sales needs with over 20 years in the industry.Two local numbers to call: 615-538-7490 OR 931-215-8987