Savannah Real Estate Market Report | September 28-October 4, 2026: Closings Rise as Fall Market Activity Continues

The Savannah real estate market entered October with a noticeable increase in closed sales and a rebound in the average sales price. New listing activity also increased, while overall inventory declined slightly.

At the same time, pending contracts dipped and average days on market remained elevated, showing that buyers are still active but continue to have time and options in many parts of the market.

Here’s a closer look at what happened across the Savannah MLS service area between September 28–October 4, 2026.

This Week's Takeaway

Closings were the standout this week, jumping from 145 to 182 sales, while the average sales price moved back above $400,000. New listings also increased, but pending contracts declined slightly and homes averaged 96 days on the market. As fall gets underway, buyers remain active, but sellers still need to compete carefully on price and presentation.

Key Market Statistics

• Active Listings: 3,433, down from 3,471
• New Listings: 212, up from 200
• Homes Under Contract: 142, down slightly from 145
• Closed Sales: 182, up from 145
• Average Days on Market: 96, up slightly from 95
• Average Sales Price: $416,830, up from $368,219
• Price Reductions: 319, down from 343
• Expired Listings: 71, up from 28

Inventory Edges Lower

Active inventory decreased from 3,471 to 3,433 listings, even as 212 new properties entered the market during the week.

For buyers searching for homes for sale in Savannah, there is still a substantial selection of available properties across different neighborhoods, home types, and price ranges.

For sellers, the slight inventory decline may reduce competition somewhat, but more than 3,400 active listings still means buyers have choices.

Closed Sales Jump

One of the biggest changes this week was the increase in closed transactions.

A total of 182 homes closed, up from 145 the previous week. That's an increase of about 26% week over week.

Closings reflect contracts negotiated during prior weeks, so the increase provides a look at buyer activity that was already in the pipeline heading into October.

Pending Activity Remains Relatively Steady

New pending contracts dipped slightly from 145 to 142.

Closings exceeded pending sales by 40 transactions this week. That gap is worth monitoring because pending contracts can provide an early indication of future closing activity.

However, a single seven-day period should not be used to determine a broader market direction. We'll continue watching pending activity throughout October to see whether the current pace continues.

Homes Continue to Take More Time to Sell

Average days on market increased slightly from 95 to 96 days.

While the one-day change is minimal, market times remain considerably longer than they were during parts of the spring and summer.

For sellers, this means patience and strategy are important. Homes that are priced accurately and presented well may perform very differently from the market-wide average.

Average Sales Price Rebounds

The average sales price increased from $368,219 to $416,830.

This week's rebound follows the sharp decline in the weekly average reported last week and is a good example of why short-term pricing data should always be viewed in context.

Weekly averages can fluctuate significantly based on the mix of properties that close. A higher concentration of higher-priced transactions can push the average up, while more lower-priced closings can pull it down.

For homeowners wondering what their property may be worth, recent comparable sales within the same neighborhood and property type provide much better context than a single weekly average.

Price Reductions Ease

Price reductions declined from 343 to 319 this week.

That's a positive shift, although the number remains significant. With average market times at 96 days, some sellers may still need to adjust their expectations as their listings compete for buyer attention.

Starting with a price supported by current comparable sales can help reduce the risk of a home sitting on the market and requiring multiple adjustments later.

Expired Listings Increase

Expired listings rose from 28 to 71, one of the larger week-over-week changes in this week's data.

An expired listing can occur for several reasons, including the end of a listing agreement without a sale. While one week's increase does not establish a trend, it is another indicator worth watching alongside days on market and price reductions.

For sellers, it reinforces the importance of having a pricing and marketing strategy that reflects current conditions rather than relying on expectations from an earlier market.

What This Means for Buyers

Buyers continue to have plenty of options across the Savannah area, with 3,433 active listings available at the end of the reporting period.

Longer market times and continued price reductions may create opportunities in certain neighborhoods and price ranges. However, buyers should evaluate each property individually because conditions can vary significantly across the Savannah MLS service area.

Planning a move to Savannah or Coastal Georgia? Visit Newto912.com for neighborhood guides, relocation resources, and local information.

What This Means for Sellers

This week's 182 closings show that buyers are still purchasing homes, but the market continues to reward sellers who understand today's competition.

With homes averaging 96 days on the market and 319 price reductions recorded this week, accurate pricing, strong presentation, professional marketing, and attention to buyer feedback remain important.

The goal is to position your home competitively from the beginning rather than chase the market later.

Savannah Real Estate Outlook

As October begins, the Savannah real estate market continues to show active sales alongside a more deliberate pace from today's buyers.

Closings increased substantially, new listings rose, and price reductions declined. At the same time, pending activity softened slightly and average market times remained elevated.

We'll continue watching pending contracts, inventory, days on market, and pricing throughout October to see how Savannah's fall housing market develops.

Frequently Asked Questions

Are homes still selling in Savannah this fall?

Yes. 182 homes closed during September 28–October 4, up from 145 the previous week. Another 142 properties went under contract during the reporting period.

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

The average sales price increased from $368,219 to $416,830. Weekly averages can fluctuate significantly depending on the mix and price range of homes that close, so the increase does not mean every Savannah home's value rose by the same percentage.

How long are homes taking to sell in Savannah?

The average was 96 days on market this week, compared with 95 days the previous week. Individual results can vary significantly based on neighborhood, property type, condition, price range, and pricing strategy.

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.

Thinking About Buying or Selling This Fall?

Savannah-wide statistics provide a helpful snapshot, but your neighborhood, price range, and property type can tell a different story.

Whether you're planning to buy, sell, or relocate to Coastal Georgia, Harris Home Team can help you understand what today's market means for your specific goals.

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