Savannah Real Estate Market Report | October 5-11, 2026: Inventory Rises as Homes Sell Faster

The Savannah real estate market continued its fall transition during October 5–11, 2026, with active inventory increasing, homes spending fewer days on the market, and the average sales price remaining relatively stable.

While new listings, pending contracts, and closed sales declined compared with the previous week, price reductions also decreased. These changes highlight a market where buyers continue to have choices and sellers need to remain competitive.

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

This Week's Takeaway

Inventory increased to 3,501 active listings, while average days on market improved significantly from 96 to 78 days. Although pending and closed sales slowed, the average sales price remained relatively stable at $406,740. With fewer price reductions recorded, the market continues to show a mix of opportunities and challenges for buyers and sellers heading further into October.

Key Market Statistics

• Active Listings: 3,501, up from 3,433

• New Listings: 193, down from 212

• Homes Under Contract: 138, down slightly from 142

• Closed Sales: 132, down from 182

• Average Days on Market: 78, down from 96

• Average Sales Price: $406,740, down from $416,830

• Price Reductions: 274, down from 319

• Expired Listings: 22, down from 71

Inventory Climbs Above 3,500 Listings

Active inventory increased from 3,433 to 3,501 listings, adding 68 properties to the available inventory.

Interestingly, new listing activity declined from 212 to 193 during the same period. This means the number of available homes increased even though fewer new properties entered the market.

For buyers searching for homes for sale in Savannah, the increase in inventory provides more opportunities to compare neighborhoods, property types, and price ranges.

For sellers, additional inventory means more competition. Homes need to stand out through accurate pricing, appealing presentation, and effective marketing.

Buyer Activity Slows Slightly

A total of 138 homes went under contract, compared with 142 the previous week.

That's a relatively small decrease, suggesting new contract activity remained close to the previous week's pace.

Pending contracts also exceeded closed sales by six transactions during the reporting period.

While this does not necessarily indicate stronger demand, it shows buyers continue to enter into new agreements as the fall market progresses.

Closed Sales Decline

Closed sales decreased from 182 to 132, a decline of approximately 27% week over week.

Although this is a noticeable change, closings typically reflect contracts negotiated several weeks earlier. A single week's decrease does not necessarily indicate that current buyer demand has weakened by the same amount.

We'll continue monitoring pending contracts and closings throughout October to better understand whether this change represents a short-term fluctuation or a developing trend.

Homes Are Selling Faster

One of the most encouraging changes this week was the improvement in average days on market.

Homes averaged 78 days on the market, compared with 96 days the previous week.

That's an 18-day decrease, showing that properties represented in this week's market statistics spent less time on the market on average.

However, individual selling times vary depending on location, property condition, price range, and competition. This week's improvement should not be interpreted as every home selling faster.

Average Sales Price Remains Relatively Stable

The average sales price decreased slightly from $416,830 to $406,740, a change of approximately 2.4%.

Compared with the larger weekly price fluctuations seen in recent reports, this represents a relatively modest adjustment.

It's important to remember that weekly average sales prices are influenced by the mix of homes that close during each reporting period.

A higher concentration of lower-priced transactions can bring the average down without indicating a comparable decline in individual property values.

For homeowners evaluating their property's worth, recent comparable sales within the same neighborhood and property type remain more useful than a single weekly average.

Price Reductions Decrease

Price reductions declined from 319 to 274, representing approximately a 14% decrease.

This is an encouraging change, particularly as active inventory increased.

However, hundreds of price adjustments are still occurring across the market. Sellers should continue evaluating comparable properties and buyer expectations before determining their asking price.

Expired Listings Drop

Expired listings decreased significantly from 71 to 22 this week.

Last week's elevated number may have reflected listing agreements reaching their expiration dates around the end of September, although the available data does not confirm the reason.

This week's decline brings expired listing activity closer to levels seen during several earlier reporting periods.

What This Means for Buyers

Buyers have more options as inventory reaches 3,501 active listings across the Savannah MLS service area.

The increase in available properties, combined with continued price reductions, may create opportunities to compare homes carefully and negotiate based on individual property conditions.

However, average days on market also declined, reminding buyers that desirable, appropriately priced properties can still attract attention.

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What This Means for Sellers

This week's data highlights the importance of balancing pricing with presentation.

Although homes spent fewer days on the market on average, inventory increased and new contract activity softened slightly.

With more than 3,500 active listings available, sellers should focus on what makes their property competitive.

Professional photography, accurate pricing, thoughtful preparation, and strong marketing can help attract qualified buyers in today's market.

Savannah Real Estate Outlook

The Savannah real estate market continues to adjust as October progresses.

Active inventory increased, homes spent fewer days on the market, and average prices remained relatively stable. Meanwhile, pending contracts and closings declined, and price reductions became less frequent.

These mixed indicators reinforce why it's important to evaluate several market statistics together rather than relying on one week's activity.

As we move further into fall, we'll continue watching inventory levels, buyer demand, market times, and pricing trends to better understand how conditions are developing across the Savannah area.

Frequently Asked Questions

Are there more homes for sale in Savannah right now?

Yes. Active inventory increased from 3,433 to 3,501 listings during October 5–11, 2026. This gives buyers more available properties to consider across the Savannah MLS service area.

Are homes selling faster in Savannah?

Average days on market decreased from 96 to 78 days this week. While that's an improvement, individual selling times vary depending on location, property type, condition, and pricing strategy.

Are Savannah home prices declining?

The average sales price decreased from $416,830 to $406,740, approximately 2.4% lower than the previous week. However, this does not mean individual home values declined by the same percentage. Weekly averages fluctuate depending on the mix of properties that close.

About This Market Report

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

Market Area: Figures reflect activity from the Savannah MLS market 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 the inventory reported at the end of the period. 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.

Curious What Your Home Could Be Worth This Fall?

Market-wide statistics are helpful, but understanding your property's value requires a closer look at your neighborhood, recent comparable sales, and current competition.

Whether you're preparing to sell, searching for your next home, or relocating to Coastal Georgia, Harris Home Team is here to help you make informed decisions.

Explore homes for sale in Savannah and relocation resources at Newto912.com, or visit sellingsavannahhomes.com to connect with our team for personalized guidance.