Savannah Real Estate Market Update | February 16 - February 22, 2026

The Savannah real estate market showed mixed movement this past week, with fewer new listings but steady buyer engagement as we move closer to the spring season. Here’s a quick look at what happened in our local market between February 16-22, 2026:

Key Numbers

• New Listings: 195 (down from 252 the week prior)

• Homes Under Contract: 194 (down slightly from 214)

• Closed Sales: 138 (up from 115)

• Average Days on Market: 84 (up from 75)

• Average Sales Price: $331,303 (down from $394,261)

Trends to Watch

• New listings pulled back after last week’s surge, but overall inventory remains healthy heading toward spring.

• Pending contracts dipped modestly, suggesting buyers are being selective as more options become available.

• Closings increased, reflecting strong follow-through from earlier February contracts.

• Days on market climbed, indicating homes are taking a bit longer to move compared to the previous week.

• The average sales price adjusted downward, reflecting a shift toward more entry-level and mid-range home closings.

Conclusion

The Savannah market remains active but balanced, with steady closings and consistent buyer demand. As we approach March, expect inventory and competition to build as the spring market begins to take shape.

👉 Want to stay ahead of the spring market? Connect with Harris Home Team or explore homes, market insights, and relocation resources at Newto912.com.