Spring Hill TN real estate - With 39 closings for the month of November, Spring Hill homes are still selling at an unseasonable pace. The prices of homes have been rising rapidly with the average sales price for the month at $280,265, an increase of 17% over last years $239,230. With 89 pending sales, and only 165 available properties, buyers agents will have to be very aggressive to beat the crowd.
- 39 homes sold in the month of November compared to 41 last year
- The average sales price for homes sold was $280,265, an increase of 17%
- average days on market is down to 74 days
- 89 Spring Hill homes are currently pending sale
- the list price to sales price ratio was 99%
- 165 homes are currently listed in the Nashville MLS as available for purchase
- The absorption rate of Spring Hill Tn real estate based on November sales and active listings is 4 months, keeping Spring Hill Tn real estate in a sellers market
Spring Hill TN real estate sales prices have been increasing every month this year, and unfortunately for buyers, the inventory of homes is shrinking rapidly. Spring Hill homes are popular because you can get a great home for a much lower price than Franklin, Brentwood, or even Nolensville. This November, the average price per square foot for homes sold in Spring Hill was $109, compared to $154 for Brentwood, $156 for Franklin, and $124 for Nolensville.
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For the most-up-to-date information on Spring Hill Tn home values, then we urge you to contact us. We can assist you with all aspects of buying or selling real property in this and other neighborhoods in the Nashville Metro area. Also ask to be placed on an instant notification system when any new Spring Hill Tn homes come on the market or price reductions in Spring Hill homes are posted.
This posting and the contents written here are the intellectual property and opinions of Larry Brewer of Benchmark Realty. Providing real estate services to clients in Nashville, Brentwood, Franklin, Spring Hill, Green Hills, and the middle Tennessee area
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