Savannah Real Estate Market Report | July 20-26, 2026: Home Prices Reach New Highs as Inventory Tightens

The Savannah real estate market remained resilient during the fourth week of July, with home prices continuing to climb even as new listings and buyer activity slowed slightly. Inventory remained healthy, homes sold at a steady pace, and buyers continued to find opportunities across the Savannah area.

Here's a closer look at what happened across the Savannah MLS service area between July 20–26, 2026.

This Week's Takeaway

The market continues to favor well-prepared buyers and sellers. While fewer new listings entered the market and pending contracts declined, home prices reached another weekly high and homes sold slightly faster than the previous week. Sellers who price strategically continue to see strong results, while buyers still benefit from a healthy inventory of available homes.

Key Market Statistics

• Active Listings: 3,408
• New Listings: 187 (down from 250 the previous week)
• Homes Under Contract: 179 (down from 211)
• Closed Sales: 166 (up from 162)
• Average Days on Market: 73 (down from 76)
• Average Sales Price: $454,924 (up from $447,610)
• Price Reductions: 345 (up from 330)
• Expired Listings: 13

Inventory Tightens Slightly

New listings declined to 187 this week, the lowest we've seen in several weeks. Even so, active inventory remained healthy with 3,408 homes available across the Savannah MLS service area.

For buyers searching for homes for sale in Savannah, there are still plenty of options available, although fewer new properties are entering the market compared to earlier this month.

Buyer Activity Slows, but Closings Increase

Pending contracts dipped from 211 to 179, suggesting some buyers are taking a more measured approach during the summer season.

At the same time, closed sales increased to 166, indicating that previously negotiated contracts continue to move successfully toward closing. This combination points to a market that remains active despite a modest slowdown in new agreements.

Home Prices Continue to Climb

The average sales price reached $454,924, marking another weekly increase and reinforcing the strength of the Savannah housing market.

While average prices naturally fluctuate based on the mix of homes sold each week, continued price growth reflects steady buyer demand and ongoing confidence in the local market.

What This Means for Buyers

Buyers continue to benefit from a healthy number of available homes, but fewer new listings may reduce fresh inventory in the coming weeks. Staying pre-approved and working closely with a local real estate professional can help you move quickly when the right property becomes available.

If you're planning a move, visit Newto912.com for neighborhood guides, relocation resources, and helpful information about living in the Greater Savannah area.

What This Means for Sellers

The market remains favorable for sellers, particularly those who price their homes accurately from the start. Although price reductions increased slightly this week, average home prices also continued to rise, demonstrating that buyers are still willing to pay for well-presented, competitively priced properties.

Professional marketing, quality photography, and thoughtful pricing continue to be essential for achieving the best results.

Savannah Real Estate Outlook

As July comes to a close, the Savannah real estate market continues to demonstrate stability. Inventory remains strong, home values are holding firm, and buyers are still completing transactions at a healthy pace. We'll continue watching inventory levels and buyer activity as we move toward the late summer market.

Frequently Asked Questions

Why did home prices increase again this week?

The average sales price rose to $454,924, reflecting continued demand and the mix of homes that closed during the week. Weekly averages often fluctuate based on the types of properties sold.

Is the Savannah market slowing down?

Not necessarily. Pending contracts declined this week, but closed sales increased and homes sold slightly faster than the previous week. This suggests the market remains healthy despite normal seasonal fluctuations.

Is now a good time to sell a home in Savannah?

Yes. Home values remain strong, and buyers continue to purchase well-priced homes. Sellers who prepare their homes well and price them strategically are still positioned for success.

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.

Ready to Make Your Move?

Whether you're buying your first home, selling your current property, or relocating to Coastal Georgia, Harris Home Team is here to help.

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.