Savannah Real Estate Market Report | July 6-12, 2026: New Listings Surge as Buyer Activity Picks Up

The Savannah real estate market gained momentum during the second week of July, with a notable increase in new listings and buyer activity. While closed sales eased from the previous week's pace, inventory continued to grow, providing buyers with more choices as the summer market remains active.

Here's a closer look at what happened across the Savannah MLS service area between July 6-12, 2026.

This Week's Takeaway

The market continues to favor both buyers and sellers. Inventory expanded significantly, pending sales increased, and homes sold more quickly than the previous week. Although average home prices returned to more typical levels after last week's spike, the overall market remains healthy and balanced.

Key Market Statistics

• Active Listings: 3,406
• New Listings: 264 (up from 192 the previous week)
• Homes Under Contract: 195 (up from 177)
• Closed Sales: 175 (down from 209)
• Average Days on Market: 70 (down from 78)
• Average Sales Price: $439,949 (down from $505,099)
• Price Reductions: 336 (up from 246)
• Expired Listings: 15

Inventory Continues to Grow

The Savannah MLS service area added another 264 new listings this week, pushing active inventory to 3,406 homes. Buyers continue to benefit from one of the largest selections of homes for sale in Savannah seen this year.

More inventory gives buyers greater flexibility, while also creating more competition among sellers.

Buyer Demand Rebounds

Buyer activity strengthened this week, with 195 homes going under contract, up from 177 the previous week. This increase suggests buyers remained engaged despite the larger inventory available.

Although closed sales declined to 175, this is a normal week-to-week fluctuation and reflects the timing of transactions rather than a significant shift in demand.

Homes Are Selling More Quickly

Average days on market improved from 78 days to 70 days, indicating that desirable homes continue to attract buyers relatively quickly.

Meanwhile, price reductions increased to 336, highlighting the importance of strategic pricing. Sellers who price competitively from the start are often in a stronger position than those who rely on later price adjustments.

What This Means for Buyers

Buyers continue to have excellent opportunities this summer. Inventory remains healthy, giving shoppers more homes to compare while still allowing well-priced properties to move quickly.

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What This Means for Sellers

While competition among listings has increased, buyer demand remains strong. Homes that are professionally marketed, thoughtfully prepared, and accurately priced continue to attract qualified buyers.

With more homes entering the market each week, sellers should focus on pricing strategy and presentation to maximize interest.

Savannah Real Estate Outlook

The Savannah real estate market remains balanced as July progresses. Growing inventory continues to benefit buyers, while steady contract activity demonstrates that demand remains healthy. As the summer market continues, we'll be watching whether increased inventory leads to longer selling times or if buyer demand continues to absorb new listings at a steady pace.

Frequently Asked Questions

Why did average home prices decline this week?

Last week's average exceeded $500,000 due to a larger share of luxury home sales. This week's average of $439,949 reflects a more typical mix of properties and should not be viewed as a market-wide decline in home values.

Are buyers still active in the Savannah market?

Yes. Pending contracts increased from 177 to 195 this week, showing buyers continue to enter the market despite growing inventory.

Is it becoming more competitive for sellers?

With more homes coming onto the market, sellers face additional competition. Proper pricing, strong marketing, and quality presentation remain essential for attracting buyers.

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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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.