Savannah Real Estate Market Report | September 14-20, 2026: Home Prices Rise as Buyers Take More Time

The Savannah real estate market showed a mix of steady inventory, higher average prices, and slower contract activity during the week of September 14–20, 2026. Active inventory held steady, closed sales increased, and the average sales price moved higher. At the same time, fewer homes went under contract and average days on market increased.

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

This Week's Takeaway

Inventory remained unchanged at 3,466 active listings, while closed sales increased and the average sales price climbed above $470,000. However, pending contracts declined and homes spent considerably longer on the market. For buyers, that may mean more time to evaluate options in some segments. For sellers, pricing and positioning remain especially important heading into fall.

Key Market Statistics

• Active Listings: 3,466, unchanged from the previous week
• New Listings: 198, down from 212
• Homes Under Contract: 147, down from 173
• Closed Sales: 132, up from 110
• Average Days on Market: 93, up from 62
• Average Sales Price: $473,248, up from $410,943
• Price Reductions: 300, down from 417
• Expired Listings: 23

Inventory Holds Steady

Active inventory remained at 3,466 listings, exactly where it stood the previous week. Meanwhile, 198 new properties entered the market, slightly fewer than the prior week’s 212.

For buyers searching for homes for sale in Savannah, inventory continues to provide a substantial selection across different neighborhoods, property types, and price points.

For sellers, this level of inventory means competition remains a factor. Buyers can compare multiple options, making the initial pricing and presentation of a home particularly important.

Buyer Activity Slows

Pending contracts declined from 173 to 147 this week.

However, pending sales still exceeded closed sales by 15 transactions, meaning more homes entered into new contracts than reached the closing table during this seven-day period.

One week of lower pending activity does not establish a broader trend, but it is worth monitoring as the Savannah market moves deeper into the fall season.

Closed Sales Increase

While pending activity slowed, closed sales increased from 110 to 132.

It’s important to remember that closings generally reflect contracts negotiated in previous weeks. For that reason, pending sales and closed sales can move in different directions during the same reporting period.

Looking at both numbers together gives us a more complete picture of current and recent buyer activity.

Homes Are Taking Longer to Sell

One of the biggest changes this week was the increase in average days on market.

Homes spent an average of 93 days on the market, compared with 62 days the previous week.

That does not mean every Savannah home takes approximately three months to sell. Market times vary significantly based on neighborhood, price range, condition, property type, and pricing strategy.

Still, the week-over-week increase reinforces the importance of positioning a property correctly from the beginning.

Average Sales Price Moves Higher

The average sales price increased from $410,943 to $473,248.

While that's a substantial weekly increase, it should not be interpreted as Savannah home values suddenly rising by the same percentage.

Weekly averages are influenced by the mix of homes that happen to close. A greater share of higher-priced sales can push the average upward even when underlying values across the broader market have not changed dramatically.

For homeowners wondering what their property is worth, recent comparable sales within the same neighborhood and property type provide much more useful context.

Price Reductions Decline

Price reductions dropped from 417 to 300 this week.

That's a meaningful decrease from last week's elevated level, but 300 price adjustments still demonstrate how competitive pricing remains an important part of today's market.

With more than 3,400 active listings, buyers have choices. Sellers who understand their competition and price according to current market conditions may be better positioned to attract attention before a reduction becomes necessary.

What This Means for Buyers

Buyers continue to have a healthy number of properties to consider throughout the Savannah area.

The combination of steady inventory and longer average market times may give buyers more opportunity to compare homes in certain segments. However, every neighborhood and price range behaves differently, and attractive, appropriately priced homes can still move quickly.

If you're planning a move to Savannah or Coastal Georgia, visit Newto912.com for neighborhood guides, relocation information, and resources designed to help you get familiar with the area.

What This Means for Sellers

This week's numbers highlight the importance of strategy.

Closed sales increased, showing buyers are still completing purchases, but pending contracts declined and average days on market rose substantially.

Sellers should pay close attention to recent comparable sales, competing listings, condition, and buyer feedback. Accurate pricing, strong photography, thoughtful presentation, and effective marketing can all help a property compete in a market with substantial inventory.

Savannah Real Estate Outlook

The Savannah real estate market remains active as fall approaches, but buyers appear to be moving at a more measured pace.

Inventory held steady, closed sales increased, and the average sales price moved higher. At the same time, pending contracts decreased and homes took longer to sell.

We'll continue watching whether the increase in market time and decline in pending activity persist over several weeks or prove to be short-term fluctuations. Looking at multiple indicators over time provides a much clearer picture than relying on any single weekly statistic.

Frequently Asked Questions

Are homes taking longer to sell in Savannah?

For this reporting period, yes. Average days on market increased from 62 to 93 days. Individual results can vary considerably depending on location, condition, property type, price point, and competition.

Did Savannah home prices really jump to $473,248?

The average sales price was $473,248 this week, up from $410,943. However, weekly averages can shift significantly depending on the mix of homes that close, so this should not be interpreted as an equivalent increase in every Savannah home's value.

Are buyers still active in the Savannah real estate market?

Yes, although new contract activity slowed this week. 147 homes went under contract, compared with 173 the previous week, while closed sales increased from 110 to 132.

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 and use a consistent methodology each week to provide meaningful week-over-week comparisons. Learn more on our About Our Market Data page.

Market statistics are provided for informational purposes only. Weekly figures may fluctuate based on the mix of properties reported, 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.

Wondering What These Numbers Mean for Your Move?

Savannah-wide statistics are a useful starting point, but the market can look very different depending on your neighborhood, home type, and price range.

Whether you're buying, selling, or relocating to Coastal Georgia, Harris Home Team can help you understand the market conditions that matter to your specific situation.

Explore homes for sale in Savannah, neighborhood guides, and relocation resources at Newto912.com, or connect with Harris Home Team for personalized guidance.