Spring Hill Home Sales for June were active and show signs of entering into a balanced market. Most realtors consider a 6 month absorbtion rate as balanced, The absorbtion rate for Spring Hill homes currently is 7 months based on Junes sales and the current inventory level.
The reason for the increase of closing I feel is back to value. Homes in Spring Hill are considerably more cost effective than a similar size home in Franklin of Brentwood.
- 59 Spring Hill homes closed for the month on June
- the average sales price for Spring Hill homes closed was $204,475
- average days on market was 109
- 414 spring hill homes are currently listed in the MLS as available for purchase
- 93 Spring Hill homes are currently pending sale
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