Savannah Real Estate Market Report | August 31–September 6, 2026: Home Prices Rise as Market Times Improve

The Savannah real estate market entered September with more new listings, stronger closing activity, and a higher average sales price. Buyers remained active, while homes spent fewer days on the market compared with the previous week.

At the same time, pending contracts declined slightly, making buyer activity an important trend to watch as the Savannah market transitions from summer into fall.

Here’s a closer look at what happened across the Savannah MLS service area between August 31-September 6, 2026.

This Week's Takeaway

The first week of September brought several encouraging shifts. New listings increased, closed sales climbed, and average days on market improved. Average sales prices also moved higher. However, pending contracts declined, suggesting buyers remain active but may be increasingly selective as fall approaches.

Key Market Statistics

• Active Listings: 3,456
• New Listings: 209 (up from 180 the previous week)
• Homes Under Contract: 160 (down from 175)
• Closed Sales: 176 (up from 150)
• Average Days on Market: 81 (down from 90)
• Average Sales Price: $436,835 (up from $401,945)
• Price Reductions: 272 (down from 297)
• Expired Listings: 50

New Listings Increase While Inventory Holds Steady

A total of 209 new listings entered the market this week, up from 180 the previous week. Despite the increase in new listings, total active inventory edged down slightly from 3,471 to 3,456 homes.

For buyers searching for homes for sale in Savannah, inventory remains substantial, providing opportunities across a range of neighborhoods, property types, and price points.

For sellers, the amount of available inventory means competition remains an important consideration. Pricing and presentation can play a major role in helping a property stand out.

Buyer Activity Moderates

Pending contracts declined from 175 to 160 this week.

Meanwhile, closed sales increased significantly from 150 to 176, meaning closings outpaced new pending contracts by 16 transactions during the reporting period.

This does not necessarily signal a broader slowdown. Closings reflect contracts written in prior weeks, while pending sales provide a more immediate look at current buyer activity. We'll continue watching this relationship as September progresses.

Homes Are Selling Faster

Average days on market improved from 90 to 81 days, reversing some of the increase seen the previous week.

While nine fewer days on market is encouraging for sellers, homes are still generally taking longer to sell than they were during portions of the early summer market.

Results can also vary considerably depending on location, condition, property type, and price point.

Average Sales Price Climbs

The average sales price increased from $401,945 to $436,835.

That's a noticeable week-over-week increase, but it should not be interpreted as every Savannah home's value increasing by the same amount.

Weekly averages can fluctuate based on the mix of properties that happen to close. Higher-priced transactions can pull the average upward, just as a larger number of lower-priced closings can bring it down. Longer-term trends and comparable sales remain more useful when evaluating an individual property's value.

Price Reductions Decline Again

Price reductions decreased from 297 to 272, continuing the improvement seen in recent weeks.

The decline is encouraging, but hundreds of price adjustments are still occurring across the market. With more than 3,400 active listings, buyers have options, and sellers need to understand how their property compares with competing homes.

What This Means for Buyers

Buyers continue to have a healthy selection of properties available across the Savannah area. Inventory remains above 3,400 homes, and average market times remain longer than they were earlier this summer.

That may give buyers more opportunity to evaluate their choices in some market segments. However, desirable homes that are appropriately priced can still attract attention quickly.

If you're considering relocating to Savannah or Coastal Georgia, visit Newto912.com for neighborhood guides, relocation resources, and information about living in the area.

What This Means for Sellers

This week's increase in closings and decrease in average days on market are positive signs for sellers, but the market continues to reward realistic pricing.

With buyers able to choose among thousands of active listings, sellers should pay close attention to recent comparable sales, current competition, condition, and presentation.

Strong marketing and a pricing strategy built around current market conditions can help a property stand out.

Savannah Real Estate Outlook

The Savannah real estate market begins September with a mix of encouraging indicators and trends worth monitoring.

Closed sales increased, homes sold faster, average prices rose, and price reductions declined. On the other hand, pending contracts moved lower.

As we move deeper into the fall market, pending sales will be particularly important to watch because they can provide an early indication of where future closing activity may be headed.

Rather than relying on one statistic or one week of activity, we'll continue tracking inventory, contracts, closings, pricing, and market times together to provide a clearer picture of Savannah's housing market.

Frequently Asked Questions

Are homes selling faster in Savannah?

Average days on market declined from 90 to 81 days this week. That's an improvement from the previous week, although market times can vary significantly by neighborhood, property type, condition, and price.

Are Savannah home prices increasing?

The weekly average sales price increased to $436,835, compared with $401,945 the previous week. However, weekly averages are influenced by the mix of homes sold and should not be interpreted as an equivalent increase in individual home values.

Is buyer demand slowing in Savannah?

Pending contracts declined from 175 to 160, while closed sales increased to 176. The decline in new contracts is worth watching, but one week of data is not enough to establish a broader trend.

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.

Ready to Make Your Move?

The numbers tell us what's happening across the market, but your neighborhood, price point, and goals tell a much more specific story.

If you're thinking about buying, selling, or relocating to Coastal Georgia, connect with Harris Home Team for guidance based on your situation.

Explore homes for sale in Savannah, local neighborhood guides, and relocation resources at Newto912.com.