Savannah Real Estate Market Update | March 9-15, 2026

The Savannah real estate market showed mixed movement this week as inventory remained strong and buyer activity held steady heading further into the spring season. Here’s a quick look at what happened in our local market between March 9-15, 2026:

Key Numbers

• New Listings: 257 (down from 287 the week prior)

• Homes Under Contract: 204 (holding steady from last week)

• Closed Sales: 145 (down from 176)

• Average Days on Market: 83 (up from 79)

• Average Sales Price: $386,781 (down from $427,933)

Trends to Watch

• New listings dipped slightly after last week’s surge but inventory remains healthy heading into the peak spring season.

• Pending contracts held steady, showing consistent buyer demand despite shifting inventory levels.

• Closed sales slowed week-over-week, a typical fluctuation as contracts move through the pipeline.

• Days on market increased slightly, suggesting buyers may be taking a bit more time with the increased selection available.

• The average sales price adjusted downward, reflecting more mid-range closings this week compared to last week's higher-end transactions.

Conclusion

The Savannah real estate market continues to move at a steady pace as we approach the heart of the spring buying season. With strong inventory levels and active buyers, both sellers and buyers have opportunities to make strategic moves in the coming weeks.

👉 Want to stay ahead 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 currently a buyer's or seller's market?
The Savannah real estate market is currently balanced but leaning competitive as we move into the spring season. With more new listings hitting the market and steady buyer demand, sellers still benefit from strong interest, while buyers have slightly more options than earlier in the year.

2. Are home prices rising in Savannah right now?
Home prices in Savannah remain relatively stable with minor week-to-week fluctuations. The average price for the most recent week was $427,933, which is very close to the previous week’s average, showing consistent demand across multiple price points.

3. Is spring a good time to buy or sell a home in Savannah?
Yes, spring is traditionally one of the most active times for the Savannah housing market. Inventory usually increases, giving buyers more options, while sellers benefit from strong demand and motivated buyers entering the market after winter.

4. What price range are most homes selling for in Savannah?
Most homes in the Savannah real estate market are currently selling in the mid-$300K to low-$400K range, although pricing varies widely depending on neighborhood, property size, and proximity to downtown or the coast. Updated homes in desirable areas often see the most competition.

5. Is Savannah a good place to relocate in 2026?
Savannah continues to attract new residents thanks to its coastal lifestyle, historic charm, and growing job market. Many buyers relocating to Savannah are drawn by the city's relatively affordable housing compared to other coastal markets, along with strong rental demand and year-round lifestyle amenities.