Savannah Real Estate Market Report | October 12-18, 2026: Buyer Activity Improves as Inventory Holds Steady

The Savannah real estate market continued to show steady activity during October 12–18, 2026, with pending contracts and closed sales increasing while overall inventory remained relatively unchanged.

Although fewer new listings entered the market, buyer activity improved and average home prices held steady. Meanwhile, homes spent slightly longer on the market, highlighting the importance of strategic pricing as we move further into the fall season.

Here's a closer look at this week's activity across the Savannah MLS service area.

This Week's Takeaway

Buyer activity improved this week, with 148 homes going under contract and 148 homes closing. Active inventory remained steady at 3,506 listings, while the average sales price increased slightly to $408,113. Although new listings declined, the market continues to see consistent transactions as October progresses.

Key Market Statistics

• Active Listings: 3,506, up slightly from 3,501

• New Listings: 166, down from 193

• Homes Under Contract: 148, up from 138

• Closed Sales: 148, up from 132

• Average Days on Market: 80, up from 78

• Average Sales Price: $408,113, up slightly from $406,740

• Price Reductions: 269, down from 274

• Expired Listings: 18, down from 22

Inventory Holds Steady as New Listings Decline

Active inventory increased slightly from 3,501 to 3,506 listings, a difference of just five properties.

Meanwhile, new listings decreased from 193 to 166, approximately 14% fewer than the previous week.

For buyers searching for homes for sale in Savannah, inventory remains substantial despite fewer new properties entering the market.

For sellers, steady inventory means competition remains an important consideration. With thousands of available listings, pricing and presentation continue to influence how effectively a property attracts buyers.

Buyer Activity Improves

One of the week's most encouraging developments was the increase in pending contracts.

A total of 148 homes went under contract, compared with 138 the previous week. That's an increase of approximately 7%.

The increase suggests buyers remained engaged despite fewer new listings entering the market.

Pending contracts provide a useful indication of current buyer activity because they represent properties entering into new agreements during the reporting period.

While one week does not establish a long-term trend, the increase is worth watching as October continues.

Closed Sales Increase

Closed sales rose from 132 to 148, an increase of approximately 12%.

Interestingly, the number of closed sales exactly matched the number of new pending contracts this week.

With 148 pending contracts and 148 closings, the difference between the two measures was zero.

This does not mean the same properties went under contract and closed during the week. Closings typically reflect agreements negotiated earlier, while pending sales represent new contract activity.

However, the matching totals provide an interesting snapshot of transaction activity during the reporting period.

Homes Spend Slightly Longer on the Market

Average days on market increased from 78 to 80 days.

The two-day increase is relatively modest, especially compared with the larger fluctuations recorded during previous weeks.

While some homes may sell quickly, others can remain available longer depending on location, condition, property type, and asking price.

For sellers, this reinforces the importance of understanding current competition and setting realistic expectations about the selling timeline.

Average Sales Price Remains Stable

The average sales price increased slightly from $406,740 to $408,113.

That's a week-over-week increase of approximately 0.3%, indicating relatively little movement in the average price of homes sold during this reporting period.

After several larger price fluctuations in previous months, this week's change was comparatively small.

However, weekly average sales prices should not be interpreted as direct changes in individual property values.

The average can shift depending on the mix of properties that close, including their location, size, type, and price range.

For homeowners wondering what their property may be worth, recent comparable sales in their specific neighborhood provide more meaningful guidance.

Price Reductions Ease Slightly

Price reductions decreased from 274 to 269 this week.

Although the decline was modest, it represents another week with fewer recorded price adjustments.

With more than 3,500 active listings, sellers still need to understand how their homes compare with competing properties.

Strategic pricing from the beginning, supported by recent comparable sales and current market conditions, can help attract buyer attention before a price adjustment becomes necessary.

What This Means for Buyers

Buyers continue to have a substantial selection of properties available across the Savannah area.

With 3,506 active listings, there are opportunities to explore different neighborhoods, property styles, and price points.

The slight increase in average days on market may provide additional time to evaluate properties in certain market segments. However, buyers should remain prepared to act when they find a home that meets their needs and is priced competitively.

If you're considering relocating 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 increase in pending contracts and closed sales shows that buyers continue to participate in the market.

However, with inventory remaining above 3,500 listings, sellers face competition for buyer attention.

Homes that are priced appropriately, professionally marketed, and presented well may be better positioned to attract qualified buyers.

Understanding recent comparable sales, reviewing competing listings, and responding to buyer feedback remain important parts of a successful selling strategy.

Savannah Real Estate Outlook

The Savannah real estate market continues to demonstrate steady activity as October progresses.

Pending contracts and closings increased, inventory remained relatively unchanged, and average sales prices showed little movement. At the same time, new listings declined and average days on market increased slightly.

These numbers suggest continued buyer participation without a dramatic shift in overall market conditions.

As we move toward November, we'll continue watching inventory, pending contracts, closed sales, and market times to better understand how Savannah's fall housing market develops.

Frequently Asked Questions

Are buyers still active in the Savannah real estate market?

Yes. 148 homes went under contract during October 12–18, 2026, compared with 138 the previous week. Closed sales also increased from 132 to 148, showing continued transaction activity across the Savannah MLS service area.

Are Savannah home prices increasing?

The average sales price increased slightly from $406,740 to $408,113, approximately 0.3% higher than the previous week. However, weekly averages can fluctuate based on the mix of properties sold and do not necessarily reflect changes in individual home values.

How long are homes taking to sell in Savannah?

Average days on market increased slightly from 78 to 80 days this week. Actual selling times vary depending on neighborhood, property condition, price range, and competition.

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.

Thinking About Making a Move Before the Year Ends?

Whether you're exploring homes for sale in Savannah, preparing to list your property, or considering a move to Coastal Georgia, understanding today's market can help you plan your next steps.

Harris Home Team is here to help you navigate the process with local knowledge, personalized guidance, and a strategy built around your goals.

Explore relocation resources and neighborhood guides at Newto912.com, or visit sellingsavannahhomes.com to connect with our team.