Savannah Real Estate Market Report | August 17–23, 2026: Inventory Grows as Buyers Become More Selective

The Savannah real estate market continued its late-summer transition during the week of August 17–23. Active inventory increased again, homes sold slightly faster, and average prices remained relatively stable. At the same time, fewer new listings and pending contracts were recorded, suggesting buyers may be taking a more selective approach as we move closer to fall.

Here’s a closer look at what happened across the Savannah MLS service area between August 17–23, 2026.

This Week's Takeaway

Buyers have more choices as active inventory approaches 3,500 listings, but homes are still moving when they are positioned correctly. Pending activity slowed this week, while closed sales remained relatively steady and average days on market improved slightly. For sellers, pricing and presentation continue to matter in a market where buyers can afford to compare their options.

Key Market Statistics

• Active Listings: 3,497
• New Listings: 202 (down from 226 the previous week)
• Homes Under Contract: 154 (down from 187)
• Closed Sales: 147 (up slightly from 144)
• Average Days on Market: 68 (down from 70)
• Average Sales Price: $384,335 (up slightly from $382,749)
• Price Reductions: 345 (down from 367)
• Expired Listings: 17

Inventory Continues to Build

Active inventory increased from 3,463 to 3,497 listings, even as the number of new listings declined from 226 to 202.

For buyers searching for homes for sale in Savannah, the growing number of active properties means more opportunities to compare locations, price points, and features before making a decision.

For sellers, however, higher inventory creates additional competition. Buyers have more alternatives, making accurate pricing and strong presentation increasingly important.

Buyer Activity Slows

Pending contracts declined from 187 to 154, making buyer activity one of the key numbers to watch this week.

Even with the decrease, pending sales remained slightly ahead of closings, with 154 homes going under contract compared with 147 closed sales.

One week does not establish a longer-term trend, but we'll be watching pending activity closely as the Savannah market transitions from summer into fall.

Closed Sales Hold Steady

Closed sales increased slightly from 144 to 147, showing that transactions already in progress continued to make it to the closing table.

Average days on market also improved from 70 to 68 days. While that's only a modest change, it suggests that homes attracting the right buyers are still moving at a healthy pace.

Home Prices Remain Relatively Stable

The average sales price was $384,335, compared with $382,749 the previous week.

After the larger swings we saw earlier this summer, this week's small change suggests a relatively stable mix of closed sales.

As always, weekly average prices should be viewed as one piece of the larger picture. They can shift based on the price points and types of properties that happen to close during a particular seven-day period and should not be interpreted as a direct measure of how much an individual home's value has changed.

Price Reductions Ease

There were 345 price reductions this week, down from 367 the previous week.

That's an improvement, but the number remains significant. With nearly 3,500 active listings, sellers need to understand how their property compares with competing homes from the moment it hits the market.

Pricing appropriately from the beginning can help a home capture buyer attention before a reduction becomes necessary.

What This Means for Buyers

Buyers currently have a healthy selection of properties to consider. Growing inventory combined with fewer pending contracts may provide more time to evaluate options in some parts of the market.

That doesn't mean every buyer can afford to wait. Desirable, appropriately priced homes can still attract attention quickly, and conditions vary considerably by neighborhood and price range.

If you're planning a move to Savannah or Coastal Georgia, Newto912.com offers neighborhood guides, relocation resources, and local information to help you get started.

What This Means for Sellers

Today's market rewards preparation and realistic pricing.

Although homes sold slightly faster this week and closed sales remained steady, buyers have nearly 3,500 active listings to choose from. Sellers should pay close attention to recent comparable sales, competing listings, condition, and presentation when determining how to position their home.

Savannah Real Estate Outlook

As August winds down, the Savannah real estate market continues to show signs of balance with growing inventory, stable weekly pricing, and continued sales activity.

The decline in pending contracts is worth monitoring, especially as we approach the traditionally slower fall season. Rather than relying on a single week's numbers, we'll continue tracking inventory, pending sales, closings, days on market, and pricing together to understand where the market is headed.

Frequently Asked Questions

Are there more homes for sale in Savannah right now?

Active inventory increased to 3,497 listings this week, up from 3,463. Buyers currently have a healthy selection of available properties across the Savannah MLS service area.

Is buyer demand slowing in Savannah?

Pending contracts decreased from 187 to 154 this week. That indicates slower contract activity for this particular seven-day period, but one week alone is not enough to establish a longer-term trend.

Are Savannah home prices falling?

The average sales price actually increased slightly this week, from $382,749 to $384,335. Weekly averages can fluctuate based on the mix of homes sold, so they should not be used alone to determine whether individual property values are rising or falling.

About This Market Report

Data Source: Savannah Multi-List Corporation (SMLC).

Market Area: Figures reflect residential real estate activity reported through the Savannah MLS service area, including portions of Chatham, Bryan, Effingham, and surrounding counties.

Methodology: Statistics are based on MLS-reported residential market activity and use a consistent methodology each week to provide meaningful week-over-week comparisons. Learn more on our About Our Market Data page.

Market statistics are provided for informational purposes only. Weekly figures may fluctuate based on the mix of properties reported, and real estate conditions can vary significantly by neighborhood, property type, and price range.

About the Author

Alison Harris is a licensed real estate agent in the state of GA and Team Lead of Harris Home Team.

She helps buyers, sellers, and families relocating to the Greater Savannah area navigate their real estate decisions with local market knowledge and data-driven insights.

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Explore homes for sale in Savannah, neighborhood guides, and relocation resources at Newto912.com, or connect with Harris Home Team for personalized guidance.