Spring Hill TN homes are in a sellers market with an absorption rate of less than one month we have a shortage of inventory and an abundance of buyers trying to take advantage of the low interest rates.
- 68 Spring Hill TN homes sold during the month of September
- The average price of homes sold in Spring Hill increased 6.7% to $415,119
- The list price to sales price ratio of sold homes was 99.9% for the month
- 57 Spring Hill TN homes are currently listed in the Nashville MLS as available for purchase, but most are still under construction
- 172 homes are currently under contract pending sale, most are new homes waiting for completion
- the average price per square foot for Spring Hill homes sold during the month of September was $164 compared to $148 for the same period last year, an increase of 10.8%
- The average days on market is down to 18 days, the lowest number I can ever remember
Investors seem to have backed away from aggressive buying in Spring Hill but prices are still rising, just at a slower pace. Homes in Spring Hill TN are now averaging $154 per square foot compared to $225 in Franklin.
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information on this page is based on information on Spring Hill real estate per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed.