Savannah Real Estate Market Report | November 2-8, 2026: Home Prices Rise as Market Activity Slows

The Savannah real estate market entered the second week of November with a noticeable increase in average sales prices, while active inventory remained relatively steady. However, pending contracts and closed sales declined, and homes spent longer on the market compared with the previous week.

Despite the slower transaction activity, new listings increased, giving buyers additional properties to consider as the holiday season approaches.

Here's a closer look at what happened across the Savannah MLS service area between November 2-8, 2026.

This Week's Takeaway

The average sales price climbed to $474,500, while active inventory increased slightly to 3,453 listings. However, closed sales dropped from 171 to 109, and average days on market increased from 79 to 97 days.

These mixed indicators suggest that while transactions continue across the Savannah housing market, buyers and sellers should pay close attention to pricing, inventory, and individual property conditions.

Key Market Statistics

• Active Listings: 3,453, up from 3,441
• New Listings: 194, up from 170
• Homes Under Contract: 138, down from 145
• Closed Sales: 109, down from 171
• Average Days on Market: 97, up from 79
• Average Sales Price: $474,500, up from $376,356
• Price Reductions: 251, down from 267
• Expired Listings: 35, down from 66

Inventory Remains Steady as New Listings Increase

Active inventory increased slightly from 3,441 to 3,453 listings, adding 12 properties to the available inventory.

Meanwhile, new listings rose from 170 to 194, an increase of approximately 14%.

For buyers searching for homes for sale in Savannah, this means more fresh properties entered the market during the reporting period, providing additional opportunities to explore different neighborhoods, home styles, and price ranges.

For sellers, steady inventory means competition remains an important factor. With thousands of available properties, pricing and presentation continue to influence how effectively a home attracts attention.

Buyer Activity Slows Slightly

Pending contracts decreased from 145 to 138, representing approximately a 5% decline.

Although fewer homes went under contract, 138 new pending transactions still demonstrate continued buyer participation in the Savannah real estate market.

Pending contracts provide a more immediate look at current buyer activity than closed sales, which typically reflect agreements negotiated several weeks earlier.

We'll continue monitoring pending activity to determine whether this week's decline develops into a longer-term trend.

Closed Sales Decline

Closed sales decreased from 171 to 109, a decline of approximately 36%.

While this is one of the most noticeable changes in this week's data, it is important to remember that weekly closing totals can fluctuate based on transaction timing.

Last week's higher closing activity may have been influenced by transactions scheduled around the end of October, although the available data does not confirm the reason.

This week's lower number should therefore be viewed alongside pending contracts, inventory, and other indicators rather than interpreted as a sudden change in overall buyer demand.

Homes Spend Longer on the Market

Average days on market increased from 79 to 97 days, an 18-day increase.

This suggests that properties represented in this week's market statistics spent more time on the market on average.

However, individual selling timelines can vary significantly depending on location, condition, property type, price range, and competition.

For sellers, longer market times reinforce the importance of setting realistic expectations and developing a pricing strategy based on current comparable sales.

Average Sales Price Increases Significantly

The average sales price rose from $376,356 to $474,500, an increase of approximately 26%.

Although this is a substantial week-over-week change, it does not mean Savannah home values increased by the same percentage.

Weekly averages can be heavily influenced by the mix of properties that close during each reporting period. A greater concentration of higher-priced transactions can push the average upward even when individual home values remain relatively unchanged.

For homeowners wondering what their property may be worth, recent comparable sales within the same neighborhood and property type provide more reliable guidance than a single weekly average.

Price Reductions Continue to Decline

Price reductions decreased from 267 to 251 this week.

That's approximately a 6% decrease, continuing the downward movement in recorded price adjustments.

However, with more than 3,400 active listings and longer average market times, sellers should continue evaluating their competition carefully.

Pricing a property appropriately from the beginning can help attract qualified buyers and reduce the likelihood of needing adjustments later.

Expired Listings Decrease

Expired listings declined from 66 to 35, a notable decrease from the previous week.

Last week's elevated total may have been influenced by listing agreements reaching their expiration dates around the end of October, although the data does not confirm the cause.

While fewer listings expired this week, sellers should continue reviewing their property's market performance, pricing, and buyer feedback throughout the listing period.

What This Means for Buyers

Buyers continue to have a substantial selection of available properties, with 3,453 active listings across the Savannah MLS service area.

New listings increased, while average days on market reached 97 days. In certain neighborhoods and price ranges, these conditions may provide more opportunities to compare homes and evaluate asking prices.

However, market conditions vary significantly by property, and desirable homes priced appropriately can still attract attention quickly.

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

What This Means for Sellers

This week's numbers highlight the importance of understanding the current market before listing a property.

Although the average sales price increased, closed sales declined and average days on market rose.

Sellers should avoid interpreting the higher weekly average as a reason to increase their asking price without reviewing comparable properties.

Accurate pricing, professional photography, thoughtful preparation, and effective marketing remain important for attracting qualified buyers.

Savannah Real Estate Outlook

The Savannah real estate market continues to show mixed conditions as November progresses.

New listings increased, inventory remained relatively steady, and the average sales price moved higher. At the same time, pending contracts and closings declined, while average market times increased.

As we approach the holiday season, we'll continue monitoring buyer activity, inventory, pricing, and market times to understand whether these changes represent short-term fluctuations or developing trends.

Frequently Asked Questions

Are Savannah home prices increasing?

The average sales price increased from $376,356 to $474,500 during November 2–8, 2026. However, this does not mean individual home values increased by approximately 26%. Weekly averages can fluctuate significantly depending on the mix of properties sold.

Are homes taking longer to sell in Savannah?

Average days on market increased from 79 to 97 days this week. Actual selling times vary depending on neighborhood, property condition, price range, and competition.

Is buyer activity slowing in the Savannah real estate market?

Pending contracts decreased slightly from 145 to 138, while closed sales declined from 171 to 109. These figures indicate slower transaction activity during this reporting period, but one week alone is not enough to establish a long-term market trend.

About This Market Report

Data Source: Savannah Multi-List Corporation (SMLC).

Market Area: Figures reflect activity reported through the Savannah MLS market tracking report. The exact geographic boundaries and property types included should be confirmed against the underlying MLS report before applying these figures to a specific county or housing category.

Methodology: Weekly figures are taken from the MLS market tracking report. New listings, pending contracts, closings, and price reductions represent reported activity over the seven-day period. Active listings represent inventory reported at the latest snapshot date. Average days on market and average price are reported as provided in the source data.

Market statistics are provided for informational purposes only. Weekly figures may fluctuate, and real estate conditions can vary significantly 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 navigate their real estate decisions with local market knowledge and data-driven insights.

Your Next Move Starts With the Right Information

Whether you're exploring homes for sale in Savannah, preparing to sell your property, or planning a relocation to Coastal Georgia, understanding your local market can make a difference.

Harris Home Team is here to help you look beyond the headlines and understand what the latest market conditions mean for your goals.

Explore neighborhood guides and relocation resources at Newto912.com, or visit sellingsavannahhomes.com to connect with our team for personalized real estate guidance.