Savannah Real Estate Market Report | July 13-19, 2026: Buyer Activity Climbs as Home Prices Continue to Rise

The Savannah real estate market remained active during the third week of July, with buyers continuing to make moves despite a slight slowdown in closed sales. Inventory stayed healthy, pending contracts increased, and home prices continued their upward trend, signaling a market that remains balanced heading into the latter half of the summer.

Here's a closer look at what happened across the Savannah MLS service area between July 13-19, 2026.

This Week's Takeaway

Buyer demand strengthened this week as more homes went under contract, even with fewer closings. Inventory remained stable, home prices continued to rise, and buyers still have a healthy selection of homes throughout the Savannah area. For sellers, strategic pricing and strong marketing remain the keys to standing out in a competitive market.

Key Market Statistics

• Active Listings: 3,431
• New Listings: 250 (down slightly from 264 the previous week)
• Homes Under Contract: 211 (up from 195)
• Closed Sales: 162 (down from 175)
• Average Days on Market: 76 (up from 70)
• Average Sales Price: $447,610 (up from $439,949)
• Price Reductions: 330 (down slightly from 336)
• Expired Listings: 15

Inventory Remains Healthy

Inventory remained strong this week with 3,431 active listings across the Savannah MLS service area. Although new listings dipped slightly compared to last week, buyers continue to have a wide range of homes for sale in Savannah and surrounding communities.

This level of inventory gives buyers flexibility while encouraging sellers to position their homes competitively from day one.

Buyer Demand Continues to Improve

One of the week's strongest indicators was the increase in pending sales. 211 homes went under contract, up from 195 the previous week, suggesting buyer confidence remains strong despite higher inventory levels.

Closed sales declined modestly to 162, which is a normal week-to-week fluctuation and often reflects the timing of transactions already in progress.

Home Prices Remain Strong

The average sales price increased again this week to $447,610, continuing the steady pricing trend seen throughout much of the summer.

While weekly averages naturally fluctuate depending on the mix of homes that close, the overall Savannah real estate market continues to demonstrate stable property values supported by consistent buyer demand.

What This Means for Buyers

Buyers continue to benefit from a healthy supply of available homes while enjoying more opportunities to compare neighborhoods, floor plans, and price points.

Even with increased inventory, desirable homes that are priced well continue to move quickly. Being pre-approved and working with a knowledgeable local agent can make all the difference in a competitive market.

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What This Means for Sellers

The market remains favorable for sellers who understand today's buyers. Although inventory remains elevated, buyer demand is keeping pace, especially for homes that are well-maintained and priced appropriately.

With fewer price reductions this week, many sellers appear to be entering the market with stronger pricing strategies, helping them attract serious buyers more quickly.

Savannah Real Estate Outlook

The Savannah real estate market continues to show healthy, balanced conditions as summer progresses. Inventory remains strong, pending sales are increasing, and home prices continue to demonstrate resilience. We'll continue monitoring whether buyer demand remains strong through late summer as more inventory becomes available.

Frequently Asked Questions

Is buyer demand increasing in the Savannah real estate market?

Yes. Pending contracts increased from 195 to 211 this week, indicating buyers remain active despite the larger selection of available homes.

Are home prices still rising in Savannah?

The average sales price increased to $447,610 this week. Weekly averages fluctuate, but overall pricing remains stable and supported by healthy buyer demand.

Is summer still a good time to buy a home in Savannah?

Yes. Buyers continue to benefit from a healthy inventory of homes while enjoying more opportunities to compare properties before making a decision. Working with a local real estate professional can help you move quickly when the right home becomes available.

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 reliable trend comparisons. Learn more on our About Our Market Data page.

Market statistics are provided for informational purposes only. Real estate activity may vary 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 make confident real estate decisions through local expertise, trusted guidance, and data-driven market insights.

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Browse homes for sale in Savannah, explore neighborhood guides, and access relocation resources at Newto912.com. If you're ready for personalized guidance, contact Harris Home Team today.