Wednesday, October 19, 2016

Spring Hill Real Estate Market Report Is the Spring Hill real estate market in a buyer's, seller's or neutral market?

Spring Hill Real Estate Market Report

Is the Spring Hill real estate market in a buyer's, seller's or neutral market?

Spring Hill, Spring Hill KS, Spring Hill real estate, Spring Hill homes for sale



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 
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 
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



Spring Hill, Spring Hill KS, Spring Hill real estate, Spring Hill homes for sale