Savannah Real Estate Market Report | July 27–August 2, 2026: Inventory Rebounds as Closings Pick Up

The Savannah real estate market started August with renewed inventory growth, stronger closing activity, and stable home prices. After a slower week for new listings, sellers returned to the market, while buyers continued moving transactions to the closing table. Overall, the market remains balanced as we head into the late summer season.

Here's a closer look at what happened across the Savannah MLS service area between July 27–August 2, 2026.

This Week's Takeaway

Inventory rebounded this week, giving buyers more fresh options while closed sales increased significantly. Home prices remained stable despite the additional inventory, showing that demand continues to support the market. Sellers who price strategically are still well-positioned, while buyers continue to benefit from a healthy selection of homes.

Key Market Statistics

• Active Listings: 3,401
• New Listings: 240 (up from 187 the previous week)
• Homes Under Contract: 192 (up from 179)
• Closed Sales: 206 (up from 166)
• Average Days on Market: 82 (up from 73)
• Average Sales Price: $451,033 (slightly down from $454,924)
• Price Reductions: 292 (down from 345)
• Expired Listings: 51

Inventory Expands Again

After slowing the previous week, new listings rebounded to 240, giving buyers more opportunities across the Savannah MLS service area. Active inventory remained steady at 3,401 homes, providing a healthy selection of homes for sale in Savannah and the surrounding communities.

For buyers, increased inventory means more opportunities to compare neighborhoods, floor plans, and price points before making a decision.

Buyer Activity Remains Strong

Buyer demand improved this week, with 192 homes going under contract, an increase from 179 the previous week. Even more encouraging, closed sales climbed to 206, reflecting continued momentum from contracts written earlier this summer.

These numbers suggest buyers remain confident despite seasonal shifts and a growing number of available homes.

Home Prices Stay Stable

The average sales price came in at $451,033, just slightly below last week's average of $454,924.

This small change does not indicate a weakening market. Weekly averages naturally fluctuate depending on the mix of homes sold, while the broader trend continues to show stable property values throughout the Savannah area.

What This Means for Buyers

Buyers continue to benefit from healthy inventory and a steady flow of new listings. While homes are taking slightly longer to sell on average, well-priced properties in desirable neighborhoods continue to attract attention.

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What This Means for Sellers

The increase in closed sales and decrease in price reductions are positive signs for sellers. Buyers remain active, and homes that are priced appropriately continue to perform well.

Professional photography, strong marketing, and accurate pricing remain some of the most important factors in achieving a successful sale.

Savannah Real Estate Outlook

The Savannah real estate market continues to demonstrate healthy, balanced conditions as August begins. Inventory remains stable, buyer demand is steady, and pricing continues to hold firm. We'll be watching whether this renewed inventory growth translates into increased contract activity as the late summer market develops.

Frequently Asked Questions

Is inventory increasing in the Savannah real estate market?

Yes. New listings increased significantly this week, giving buyers more choices across the Savannah MLS service area while keeping overall inventory at healthy levels.

Are home prices still strong in Savannah?

Yes. The average sales price remained above $450,000, showing continued strength despite a slight week-over-week decrease.

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

Yes. Buyers continue to benefit from healthy inventory, while sellers are seeing steady demand and strong closing activity. Whether you're buying or selling, understanding current market conditions can help you make more informed decisions.

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.