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News for Spring Hill and Thompsons Station, TN - May 31st, 2010 9:23am
There is a possibility that GM may be coming back to the Spring Hill Saturn Plant.

The Tax Credit is ending! - Wednesday September 16th, 2009 12:09pm
The $8,000 tax credit will be no good if you do not close on a home before November 30th, 2009. Call us today, there is still time!

News for Spring Hill and Thompsons Station, TN - Wednesday September 16th,
Spring Hill Hospital is put on hold by Davidson County Chancellor Claudia Bonnyman on Thursday. It was supposed to be a 56-bed hospital in Spring Hill. This should not alarm future homebuyers because Maury Regional Hospital is less than 10 miles south of Spring Hill and Williamson Medical Center is only about 8 miles North of Spring Hill off I-65 in Franklin.
National Market Conditions
2018 1st Quarter Market Report: Home Sales Steady - Prices Continue to Rise

The 1st quarter of 2018 ended on a good note with March existing home sales only down slightly over last year, and with 2018 home sales expected to exceed 2017 excellent year. Home Prices in 2018 continue to rise, increasing 5.8% over the end of March last year.

The most notable change in the 1st quarter was an increase in seller activity. Our survey showed that in 46% of the markets surveyed there were still more buyers than sellers, but a decrease of 27% from March 2017. Additionally, 17% of our markets surveyed showed more seller activity than buyer activity, an increase of 8% over last year. The remaining 37% of the markets showed an equal amount of buyer and seller activity which was an increase of 19% over last year. The increased activity, however did not ease the tight inventory 73% of our markets showing a very tight supply of homes available for sale. Home prices are also on the rise with 86% of markets showing price appreciation in the last year.

According the National association of Realtors (NAR) existing home sales in March were down 1.2% over last year, but annual sales are expected to hit 5.6 million units compared to 5.1 million in 2017; inventory of unsold homes is at a 3.6 month supply and 46% of all homes sold in under one month.

The data in this report is generated primarily from our survey of HouseHunt.com exclusive member real estate agents across the United States. This grass roots approach to studying the housing market gives us a thorough look at where the real estate market is through the eyes and perspective of the local real estate agents who are living and working in the trenches of each community.

Buyer and Seller Activity
The trend in both buyer and seller activity is up significantly in the 1st quarter of 2018 compared to the buyer and seller activity from last year. Buyer activity is steady or increasing in 94% of the markets surveyed and decreased in only 6% of the markets surveyed indicating a significant 8% increase in activity from Spring 2017. Simultaneously the trend for seller activity posted a solid 10% gain in the 1st quarter of 2018 with 85% of the markets indicating steady or increased seller activity compared to 75% of the markets at this time in 2017. Despite increased seller activity there are still more buyers than sellers and homes are selling quickly. In fact, according to NAR inventories have decreased to 3.6 month supply compared to 3.8 months in March of 2017. A balanced "normal market" is considered to be a 6 month supply of homes for sale.

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Fall 2018 Market Update
If you can qualify, now is an exceptional time to buy a home in Spring Hill and Thompsons Station. Low rates make a home purchase a great value! Call now for more information at (615) 604-8207
Average Sold Home Price: $325,000

Average Time on Market: 30-60 days

Best Selling Price Range: $200,000 - $249,000

Existing Home Prices for the past 90 days: Increasing

Market Trend: Decreasing

Buyer's or Seller's Market: More buyers than sellers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: Increasing

Multiple Offers? Yes

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 0-5%

Is Financing Available For Qualified Buyers? Yes

Housing Inventory: Very tight market

Greatest Activity: Repeat Buyers

Best reason to buy or sell: Job Growth

Nearest Metro Area: Nashville, TN

Housing Hot Spots: Wades Grove, Cherry Grove, Spring Hill Place, Benevento, Burtonwood, Autumn Ridge, Wades Crossing, Cameron Farms, Crown Pointe, Meadowbrook, Reserve at Port Royal, Lexington Farms, Wakefield, Hardins Landing, Baker Springs, Canterbury, Bridgemore Village, Tollgate, Wyngate, Campbell Station

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Shane Powell
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Mortgage Rates for Dec 14th, 2018
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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Real Estate Professional, Shane Powell Shane Powell
Benchmark Realty, LLC
Specializing in Spring Hill and Thompsons Station Real Estate
7127 Crossroads Blvd., Suite 102
Brentwood, Tennessee 37027
Email Me | Receive New Listings by Email
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(Because current market conditions can change rapidly in any given marketplace,
please check with Shane Powell for current Spring Hill and Thompsons Station, TN market conditions before acting on this information.)
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