Spring Hill Real Estate Market Report
Is the Spring Hill real estate market in a buyer’s, seller’s or neutral market?
September 2016 is a Neutral market in Spring Hill*
Home For Sale in September 2016: 64 units.
• | Down 1.5% compared to the last month |
• | Down 14.7% compared to the last year |
Home Listed in September 2016: 20 units.
• | Down 42.9% compared to the last month |
• | Down 20% compared to the last year |
Home Closed in September 2016: 19 units.
• | Up 5.6% compared to the last month |
• | Down 32.1% compared to the last year |
Home Placed under Contract in September 2016: 8 units.
• | Down 46.7% compared to the last month |
• | Down 57.9% compared to the last year |
*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales
September 2016 Average Sold Price per Square Footage is Neutral in Spring Hill*
Average Sold Price per Square Footage in September 2016:$113
• | Down 11% compared to the last month |
• | Up 4.6% compared to the last year |
*Based on 6 month trend – Appreciating/Depreciating/Neutral
September 2016 Average Days on Market trend is Rising in Spring Hill*
Average Days on Market in September 2016: 80
Average Days on Market in September 2016: 80
• | Up 116.2% compared to the last month |
• | Up 45.5% compared to the last year |
*Based on 6 month trend – Rising/Falling/Remains Steady
September 2016 is a Neutral market in Spring Hill*
Months of Inventory based on Closed Sales in September 2016: 3.4
Months of Inventory based on Closed Sales in September 2016: 3.4
• | Down 5.5% compared to the last month |
• | Up 26.1% compared to the last year |
*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales
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