Savannah Real Estate Market Report | September 21-27, 2026: Buyer Activity and Closings Find Balance

The Savannah real estate market closed out the final full week of September with remarkably balanced contract and closing activity. New listings remained nearly unchanged, active inventory held steady, and exactly as many homes went under contract as closed during the week.

At the same time, the average sales price moved considerably lower and price reductions increased, while homes continued to spend more time on the market.

Here’s a closer look at what happened across the Savannah MLS service area between September 21-27, 2026.

This Week's Takeaway

This week was all about balance. 145 homes went under contract and 145 homes closed, while active inventory remained nearly unchanged at 3,471 listings. However, longer market times and an increase in price reductions suggest sellers still need to pay close attention to pricing and competition as we move into the fall market.

Key Market Statistics

• Active Listings: 3,471, up slightly from 3,466
• New Listings: 200, up slightly from 198
• Homes Under Contract: 145, down slightly from 147
• Closed Sales: 145, up from 132
• Average Days on Market: 95, up from 93
• Average Sales Price: $368,219, down from $473,248
• Price Reductions: 343, up from 300
• Expired Listings: 28, up from 23

Inventory Remains Steady

Active inventory increased by just five properties this week, moving from 3,466 to 3,471 listings.

New listing activity was also remarkably consistent, with 200 new homes entering the market compared with 198 the previous week.

For buyers searching for homes for sale in Savannah, this means inventory remains substantial heading into fall. For sellers, it means buyers continue to have plenty of options to compare before making a decision.

Pending Sales and Closings Reach an Even Split

One of the most interesting numbers this week was the relationship between pending and closed sales.

Exactly 145 homes went under contract and 145 homes closed, creating a zero difference between the two measures for the reporting period.

Pending activity was only slightly lower than the previous week's 147 contracts, while closings increased from 132 to 145. This suggests transaction activity remained steady even as the market moved deeper into September.

Homes Are Spending More Time on the Market

Average days on market increased slightly from 93 to 95 days.

The two-day increase is modest, but it continues the longer market times we've seen in recent weeks. Buyers may have more time to compare properties in some parts of the market, while sellers may need to be more patient than they were earlier in the year.

Individual results can vary significantly based on location, condition, price range, property type, and competition.

What Happened to the Average Sales Price?

The average sales price fell from $473,248 to $368,219 this week.

That is a significant week-over-week change, but it does not mean Savannah home values suddenly dropped by more than $100,000.

Weekly averages are heavily influenced by the mix of properties that close. A week with more lower-priced transactions can pull the average down, just as a concentration of higher-priced closings can push it higher.

This week's movement also follows last week's sharp increase in the weekly average, demonstrating why individual seven-day price figures should be interpreted cautiously. Longer-term trends and comparable sales within a specific neighborhood and property type provide better context for evaluating home values.

Price Reductions Increase

Price reductions increased from 300 to 343 this week.

With more than 3,400 active listings and average market times approaching 100 days, pricing remains one of the most important considerations for sellers.

Buyers have options, and homes that enter the market above what current buyers are willing to pay may eventually need an adjustment to compete effectively.

What This Means for Buyers

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

Steady inventory, longer market times, and an increase in price reductions may create opportunities in certain neighborhoods and price ranges. However, market conditions can vary considerably from one property to another.

If you're considering a move to Savannah or Coastal Georgia, visit Newto912.com for neighborhood guides, relocation resources, and local information to help plan your move.

What This Means for Sellers

Buyers haven't disappeared. The market recorded 145 new pending contracts this week, nearly matching the previous week's activity.

However, sellers are competing against more than 3,400 active listings, and average days on market reached 95 days. This makes accurate pricing, strong presentation, professional marketing, and attention to buyer feedback particularly important.

The goal isn't simply to list a home. It's to position it effectively against the alternatives buyers are seeing.

Savannah Real Estate Outlook

As September comes to a close, the Savannah real estate market is showing steady transaction activity alongside signs of increased buyer selectivity.

Inventory and new listings remained stable, pending contracts closely matched last week's pace, and closed sales increased. At the same time, market times remain elevated and price reductions increased.

As we move into October, we'll be watching pending activity, inventory, and days on market closely to see how Savannah's fall housing market develops.

Frequently Asked Questions

Are buyers still purchasing homes in Savannah?

Yes. 145 homes went under contract during September 21–27, almost unchanged from 147 the previous week. Another 145 transactions closed during the same reporting period.

Why did Savannah's average sales price fall so much this week?

The weekly average decreased to $368,219, but that does not mean individual home values declined by the same amount. Weekly averages can fluctuate substantially depending on the price points and types of homes that happen to close during each seven-day period.

Are Savannah homes taking longer to sell?

Average days on market reached 95 days, up slightly from 93 the previous week. Market times vary by neighborhood, property type, condition, price point, and competition, so individual homes may sell much faster or slower than the market-wide average.

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.

What Does the Fall Market Mean for Your Move?

Market-wide numbers are useful, but your neighborhood, property type, price range, and goals matter even more.

If you're considering buying or selling in Savannah or Coastal Georgia, Harris Home Team can help you understand what today's market looks like for 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.