Spring Hill Tn Real Estate Absorption Rates & Months Of InventoryReal Estate News Reporting & InformationUpdated on Dec 23, 2010 View more like this | Visit SPRING HILL, TN | Contact Exit Realty Music City |
Homes are selling in Spring Hill Tn, as of December 17th 2010 Spring Hill has an absorption rate of 43.3 residential properties per month going back to June 17th 2010. The properties that sold during this six month period in Spring Hill as a whole averaged 2314 square feet in size, 3.45 bedrooms, 2.33 full baths and averaged .43 half baths. The City of Spring Hill is located in both Williamson County and Maury County and the following chart shows residential properties located on both sides of the city that are active as of December 17th 2010 and residential properties that closed in the time frame of June 17th 2010 through December 17th 2010.
Courtesy of Realtracs:
| Active 408 Properties Found | |||||||
| Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sales Price | Days on Market | |
| MIN | 600 | 0 | 0 | 0 | $67,800 | $0 | 0 |
| AVG | 2,257 | 3.39 | 2.29 | 0.5 | $216,941 | $0 | 123 |
| MEDIAN | 2,177 | 3 | 2 | 1 | $196,250 | $0 | 98 |
| MAX | 4,245 | 5 | 4 | 2 | $549,000 | $0 | 625 |
| Closed 260 Properties Found | |||||||
| Square Feet | Bedrooms | Full Baths | Half Baths | List Price | Sales Price | Days on Market | |
| MIN | 780 | 1 | 1 | 0 | $32,900 | $31,000 | 0 |
| AVG | 2,314 | 3.45 | 2.33 | 0.43 | $220,356 | $215,242 | 99 |
| MEDIAN | 2,162 | 3 | 2 | 1 | $184,700 | $179,900 | 85 |
| MAX | 4,613 | 5 | 4 | 3 | $699,900 | $584,250 | 758 |
I can now determine how many months of inventory are currently on the market based on the number of properties currently listed for sale and dividing that number by the the absorption rate of the past 6 month period. The above chart shows that there are 408 listed properties in Spring Hill as a whole and the absorption rate of 43.3 residential properties a month. This means that as of December 17th 2010, Spring Hill as a whole has 9.4 months of inventory.
Spring Hill is located approximately 30 miles south of Nashville and is located just of I-65 and offers easy access to Hwy 31 and I-840 as well. Spring Hill is a growing community with a 2007 population of over 23,000 residents living on just over 17.5 square miles. Spring Hill currently has 13 public schools serving it's students with four of the schools serving the Maury County side of the city. The median income for Spring Hill households is just over $65,500 USD compared with and average of just over $38,500 USD for the state of Tennessee.
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