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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Larry - Great real estate market information for Spring Hill homes, I wouldn't mind a balanced market.
It is good to see the absorption rate coming down. If it keeps going this way soon those sitting on the fence about buying may find themselves in a seller's market again.
I suspect a busy summer is ahead for realtors in Franklin and Brentwood realtors. It seems like the market has changed in the last few months
Mike - the market is changing, but the people on the fence will find themselves on the wrong side soon.
Spring Hill is getting hotter by the minute. I have two buyers coming in on Friday looking for a deal.