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Spring Hill TN Real Estate Statistics - Market Report Fourth Quarter 2008 and Three Year Comparison

Spring Hill TN real estateSpring Hill TN (Williamson County) Single Family Home Sales Statistics based on MLS data for October through December.

SPRING HILL 2007 2008
Average Square Footage 2,552 2,696
Average List Price $284,671 $288,789
Average Sale Price $279,710 $283,750
Average Days on Market 80 86
Total Closings 95 64
Sale Price per Square Foot $109.60 $105.25
Sale Price to List Price Ratio 98.3% 98.3%
Total Expired Listings 96 103
Total Withdrawn Listings 118 95

Even though the market is down in the Greater Nashville area, our property values have only dropped slightly since the market shift in mid-2007.  If buyers expect to come in and secure a contract on a home by offering 20% below the asking price, it's not likely to happen!  The ratio of sale price to list price in the Williamson County part of Spring Hill was 98.3% during the last quarter of 2008.  This is based on the 64 homes that actually SOLD and CLOSED.  It does not include the 213 listings that expired or were withdrawn during the same time period.  Home sales were down 33% the last quarter of 2008 compared with 2007.

Below is a look at how our Spring Hill real estate market has changed over the past few years.  We shifted from a sellers market to a buyers market rather abruptly in approximately July/August 2007.  Activity dropped sharply over the matter of just 3 weeks.  Chances are that the next market shift will also happen very quickly.  

Spring Hill TN real estate

Spring Hill TN Average Sale Price per month 2006, 2007 & 2008 for single family homes

Spring Hill TN real estate

Spring Hill TN Average Sale Price per Square Foot monthly for 2006, 2007 & 2008 based on single family home sales

spring Hill Market Report

Spring Hill TN Average Days on Market for 2006, 2007 & 2008 based on single family home sales

Spring Hill TN real estateCall Tiffany White with Keller Williams Realty at 615-260-5858 or visit www.TiffanyWhite.com for more information about buying or selling a home in Spring Hill, Tennessee.

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Comment balloon 3 commentsTiffany White • January 28 2009 11:59PM
Spring Hill TN Real Estate Statistics - Market Report Fourth Quarter…
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Spring Hill TN (Williamson County) Single Family Home Sales Statistics based on MLS data for October through December. SPRING HILL 2007 2008 Average Square Footage 2, 552 2, 696 … more
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