Savannah Real Estate Market Report | October 26–November 1, 2026: Closings Rise as Inventory Declines

The Savannah real estate market entered November with an increase in closed sales, fewer active listings, and a slight improvement in average days on market. While new listings and pending contracts declined, more transactions reached the closing table, showing continued activity across the local housing market.

At the same time, the average sales price decreased, and expired listings increased significantly. These changes highlight the importance of understanding current market conditions as buyers and sellers prepare for the final months of 2026.

Here's a closer look at what happened across the Savannah MLS service area between October 26-November 1, 2026.

This Week's Takeaway

Closed sales were the standout this week, increasing from 123 to 171 transactions, while active inventory declined to 3,441 listings. Homes also spent slightly less time on the market, averaging 79 days compared with 81 the previous week.

However, fewer new listings and pending contracts were recorded, and the average sales price moved lower. As November begins, the Savannah housing market continues to show a mix of steady transaction activity and changing inventory conditions.

Key Market Statistics

• Active Listings: 3,441, down from 3,508

• New Listings: 170, down from 185

• Homes Under Contract: 145, down from 155

• Closed Sales: 171, up from 123

• Average Days on Market: 79, down from 81

• Average Sales Price: $376,356, down from $400,475

• Price Reductions: 267, down from 295

• Expired Listings: 66, up from 15

Inventory Declines as New Listings Slow

Active inventory decreased from 3,508 to 3,441 listings, a reduction of 67 properties.

New listings also declined from 185 to 170, representing approximately an 8% decrease from the previous week.

For buyers searching for homes for sale in Savannah, there are still thousands of available properties to explore, but fewer new homes entered the market during this reporting period.

For sellers, lower inventory may mean slightly less competition overall. However, with more than 3,400 active listings, pricing and presentation remain essential for attracting buyer attention.

Closed Sales Increase Significantly

One of the most notable developments this week was the increase in closed transactions.

A total of 171 homes closed, compared with 123 the previous week. That's an increase of approximately 39%.

This increase demonstrates that transactions already in progress continued reaching the closing table as October came to an end.

However, closings typically reflect contracts negotiated several weeks earlier, so the increase should not automatically be interpreted as a sudden rise in current buyer demand.

Pending Contracts Decline Slightly

Pending contracts decreased from 155 to 145, representing approximately a 6% decline.

Closed sales also exceeded pending contracts by 26 transactions during the reporting period.

This difference is worth monitoring because pending contracts provide a more immediate look at current buyer activity, while closings reflect transactions that began earlier.

Although pending activity slowed, 145 homes still went under contract during the week, indicating that buyers continue to participate in the Savannah real estate market.

Homes Spend Slightly Less Time on the Market

Average days on market decreased from 81 to 79 days.

While the two-day improvement is modest, it indicates slightly shorter average market times in this week's reported statistics.

Individual properties may sell much faster or slower depending on neighborhood, condition, price range, and competition.

For sellers, the key remains understanding how their home compares with similar properties currently available.

Average Sales Price Moves Lower

The average sales price declined from $400,475 to $376,356, a decrease of approximately 6%.

Although this represents a noticeable week-over-week change, it does not mean Savannah home values declined by the same percentage.

Weekly average sales prices can fluctuate based on the types, locations, and price ranges of homes that close during each reporting period.

For example, a week with a greater proportion of lower-priced transactions can bring the average down even when individual property values remain relatively unchanged.

For homeowners evaluating their property's value, recent comparable sales within their specific neighborhood provide more meaningful information than a single market-wide weekly average.

Price Reductions Continue to Ease

Price reductions decreased from 295 to 267, representing approximately a 9% decline.

While fewer price adjustments were recorded, 267 reductions still demonstrate that some sellers are responding to competition and buyer expectations.

With thousands of active listings, sellers should continue reviewing comparable sales and competing properties before determining their asking price.

A well-supported pricing strategy can help attract serious buyers and reduce the likelihood of needing multiple adjustments later.

Expired Listings Increase

Expired listings rose significantly from 15 to 66 this week.

An expired listing generally occurs when a listing agreement reaches its expiration date without the property being sold under that listing.

The increase may be influenced by listing agreements ending around the close of October, although the available data does not establish the specific cause.

For sellers, this highlights the importance of regularly reviewing pricing, marketing performance, and buyer feedback throughout the listing period.

What This Means for Buyers

Buyers continue to have a substantial selection of properties available across the Savannah area, with 3,441 active listings reported this week.

Although inventory declined, average days on market remained close to 80 days, and hundreds of price reductions were recorded.

These conditions may provide opportunities to compare properties and evaluate pricing in certain neighborhoods and market segments.

However, desirable homes that are appropriately priced 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 increase in closed sales shows that buyers are still completing purchases throughout the Savannah area.

However, fewer pending contracts and a significant increase in expired listings reinforce the importance of having a realistic selling strategy.

Sellers should pay attention to recent comparable sales, current competition, property condition, and buyer feedback.

Professional photography, thoughtful preparation, competitive pricing, and effective marketing can help position a home to attract qualified buyers.

Savannah Real Estate Outlook

The Savannah real estate market entered November with stronger closing activity, slightly shorter market times, and declining active inventory.

At the same time, new listings and pending contracts decreased, while the average sales price moved lower and expired listings increased.

These mixed indicators suggest that the market continues to adjust as the year approaches its final months.

As November progresses, we'll continue monitoring inventory, pending contracts, closed sales, average prices, and market times to understand whether these weekly changes develop into longer-term trends.

Frequently Asked Questions

Are homes still selling in Savannah as November begins?

Yes. 171 homes closed during October 26–November 1, 2026, compared with 123 the previous week. Another 145 homes went under contract, indicating continued buyer activity across the Savannah MLS service area.

Are Savannah home prices dropping?

The average sales price decreased from $400,475 to $376,356, approximately 6% lower than the previous week. However, this does not necessarily mean individual home values declined by the same percentage. Weekly averages fluctuate depending on the mix of properties sold.

Why did expired listings increase in Savannah?

Expired listings increased from 15 to 66 this week. Listings may expire when their listing agreements end without a completed sale under that listing. The increase could be related to month-end listing expirations, but the available data does not confirm the cause.

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.

Planning Your Next Move Before the Holidays?

The end of the year can bring new opportunities for buyers and sellers, but understanding your local market is essential.

Whether you're exploring homes for sale in Savannah, preparing to sell your property, or planning a relocation to Coastal Georgia, Harris Home Team can help you make informed decisions based on 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.