Savannah Real Estate Market Report | June 15–21, 2026: Inventory, Home Prices & Sales Trends

The Savannah real estate market continued to show healthy activity during the third week of June. While new listings slowed compared to the previous week, buyer demand remained steady, homes sold more quickly, and closed sales increased.

This Week's Takeaway

Inventory remains elevated, giving buyers more choices across the Savannah area. At the same time, homes are selling faster and pending sales continue to rise, showing that buyer demand remains healthy. Sellers who price strategically are still seeing strong results despite increased competition.

Key Market Statistics

• Active Listings: 3,313
• New Listings: 231 (down from 285 the previous week)
• Homes Under Contract: 197 (up from 191)
• Closed Sales: 193 (up from 189)
• Average Days on Market: 63 (down from 78)
• Average Sales Price: $407,974 (down slightly from $413,575)
• Price Reductions: 360
• Expired Listings: 18

Inventory Remains Strong

The number of active listings climbed to more than 3,300 properties across the Savannah MLS area. While new listings decreased week-over-week, inventory remains significantly higher than earlier in the year, giving buyers more choices throughout Chatham, Bryan, Effingham, and surrounding counties.

For buyers searching for homes for sale in Savannah, this means more opportunities to compare neighborhoods, home styles, and price points before making a decision.

Buyer Demand Continues

Despite growing inventory, buyer activity remained healthy. Homes under contract increased from 191 to 197, showing that buyers are still actively entering the market.

This is an encouraging sign for sellers. Even with more competition, properly priced homes continue to attract interest and generate offers.

Homes Are Moving Faster

One of the most notable shifts this week was the drop in average days on market.

The average property sold in 63 days, compared to 78 days the previous week.

While market conditions can vary by neighborhood and price point, this trend suggests buyers are acting decisively when they find homes that meet their needs and are priced appropriately.

What We're Seeing With Prices

The average sales price came in at $407,974, a slight decrease from the prior week's average of $413,575.

However, weekly price fluctuations are common and often reflect the mix of homes that closed during a given period. This week's pricing suggests increased activity among mid-range properties rather than a broad market decline.

Overall, home values remain stable, and buyer demand continues to support the market.

What This Means for Buyers

With inventory levels remaining elevated, buyers have more flexibility than they did earlier this year. More listings mean more opportunities to find the right home without feeling rushed.

That said, desirable homes in sought-after neighborhoods such as Pooler, Richmond Hill, and Savannah's most popular communities are still moving quickly. Being pre-approved and ready to act remains an advantage.

If you're planning a move, visit Newto912.com for relocation resources, neighborhood guides, and local market insights.

What This Means for Sellers

The market remains favorable for sellers who price strategically and present their homes well.

With 360 price reductions recorded this week, it's clear that today's buyers are responding to value. Sellers who enter the market with realistic pricing are often seeing stronger results and fewer days on market.

If you're considering selling, now is a good time to evaluate your home's position in the market and understand its current value.

Savannah Real Estate Outlook

The Savannah real estate market continues to demonstrate balance heading into the heart of the summer season. Inventory is growing, buyers remain active, and homes that are priced correctly are still moving efficiently.

As we move further into summer, watching inventory levels, contract activity, and pricing trends will provide valuable insight into where the market is headed for the second half of 2026.

Frequently Asked Questions

Are homes selling faster in Savannah right now?

Yes. Average days on market dropped from 78 to 63 this week, indicating that well-priced homes are attracting buyers more quickly.

Is inventory increasing in the Savannah real estate market?

Yes. Active listings increased to 3,313 homes, giving buyers more options throughout the Savannah MLS service area.

Why are more sellers reducing prices?

As inventory grows, some sellers are adjusting pricing to remain competitive. Homes that are priced appropriately from the beginning often see stronger performance.

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. Weekly reports use consistent methodology to allow for accurate trend comparisons over time.

Market statistics are provided for informational purposes only. Real estate conditions can vary significantly by neighborhood, property type, and price range.

About the Author

Alison Harris is an Associate Broker and Team Lead of Harris Home Team, helping buyers, sellers, and relocating families navigate the Savannah area real estate market. Connect with Alison or learn more about the team on our author bio page.

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