Spring Hill Tn homes August 2014 Market Report – With 67 closings, Spring Hill TN sale actually decreased compared to July of last year, my only guess is that the lack of inventory of completed homes is not able to keep up with demand. With 208 active listing in Spring Hill, the absorption rate is still only 3 months making it a sellers market for Spring Hill Tn Homes.
- 67 Spring Hill TN homes sold in the month of July compared to 104 last year
- The average sales price for homes sold was $267,179
- average days on market is down to 70 days
- 91 Spring Hill homes are currently pending sale
- the list price to sales price ratio was 99%
- the absorption rate of homes based on July sales is now 3 months
- 208 Spring Hill homes are currently listed in the Nashville MLS as available for purchase
Spring Hill Tn homes have finally reached a point where the number of homes closing has peaked for now, and it’s being restrained by a lack of inventory. The current listings of homes include over 100 homes that are under construction and cannot close until they are completed, making days on market and absorption rate appear higher than it would be if new construction homes were not a dominant player for Spring Hill TN homes. As a reminder of why the demand for Spring Hill TN homes are so high, you get the top school district in the country, low taxes, and a small town atmosphere just 15 minutes south of Franklin and Cool Springs.
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(all data current as of 8/30/2014)
$499,900 : 1794 Witt Way Dr (117), Spring Hill5 beds, 3 full, 1 part bathsListed with Keller Williams Realty
$269,900 : 1403 Baileys Barn Ct, Spring Hill4 beds, 2 full, 1 part bathsListed with RE/MAX Elite
$496,000 : 2004 Thurmond Ct, Spring Hill4 beds, 4 full, 1 part bathsListed with Exit Realty King & Associates
$274,900 : 1047 Tanyard Springs Dr, Spring Hill5 beds, 3 full bathsListed with RE/MAX Choice Properties
$189,000 : 104 Westview Dr, Spring Hill2 beds, 2 full, 1 part bathsListed with Hometown Realty of Spring Hill, LLC
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