Key Numbers
- New Listings: 252 (up from 223 the week prior)
- Homes Under Contract: 222 (up from 191)
- Closed Sales: 171 (up from 137)
- Average Days on Market: 96 (unchanged from last week)
- Average Sales Price: $435,574 (up from $397,780)
Trends to Watch
- New listings increased, continuing the spring trend of growing inventory.
- Pending contracts jumped, signaling strong buyer demand and renewed competition.
- Closed sales rose significantly, reflecting solid follow-through from earlier March activity.
- Days on market held steady, suggesting a balanced pace despite rising inventory.
- Average prices climbed sharply, pointing to increased demand and a stronger mix of higher-priced home sales.
Conclusion
The Savannah real estate market is gaining strength as we head into peak spring season. With rising inventory and active buyers, conditions are becoming more competitive, making it an important time for both buyers and sellers to act strategically.
👉 Ready to take advantage of the spring market? Connect with Harris Home Team or explore homes, market insights, and relocation resources at Newto912.com.
FAQ
1. Is the Savannah real estate market getting more competitive this spring?
Yes, buyer activity is increasing as we move deeper into spring, with more homes going under contract and rising prices. This indicates growing competition, especially for well-priced homes.
2. Are home prices increasing in Savannah right now?
Home prices have recently increased, with the average sales price rising to $435,574 this week. This reflects stronger demand and more activity in higher-priced homes.
3. Should buyers act quickly in the current Savannah market?
Yes, while inventory is increasing, desirable homes are still moving quickly. Buyers should be prepared and ready to act when the right opportunity comes up.
.png)