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Published June 1, 2026

Savannah Real Estate Market Update | May 25-31, 2026

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Written by Alison Harris

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The Savannah real estate market wrapped up May and kicked off June with strong closing activity and faster-moving inventory. Here’s a quick look at what happened in our local market between May 25 to May 31, 2026:

Key Numbers

  • New Listings: 212 (down slightly from 219 the week prior)
  • Homes Under Contract: 214 (down slightly from 217)
  • Closed Sales: 240 (up significantly from 193)
  • Average Days on Market: 72 (down from 93)
  • Average Sales Price: $406,272 (up from $394,878)

Trends to Watch

  • New listings and pending contracts held relatively steady, indicating a balanced level of buyer and seller activity.
  • Closed sales surged, showing strong follow-through from contracts written earlier in the spring market.
  • Average days on market dropped dramatically, suggesting buyers are acting quickly on well-priced homes.
  • Home prices moved higher this week, reflecting continued demand across a variety of price points.
  • Price reductions declined, indicating sellers are finding success with more strategic pricing.

Conclusion

The Savannah real estate market remains healthy as summer begins, with strong closings, improving market pace, and steady buyer demand. While inventory remains available, desirable homes continue to attract attention quickly, making preparation and timing important for both buyers and sellers.

👉 Thinking about buying or selling this summer? Connect with Harris Home Team or explore homes, market insights, and relocation resources at Newto912.com.

FAQ

1. Are homes selling faster in Savannah right now?
Yes. The average days on market dropped from 93 to 72 this week, showing that buyers are moving more quickly when the right home hits the market.

2. Why did closed sales increase so much this week?
The jump in closings reflects strong spring buyer activity and successful follow-through on contracts written in previous weeks.

3. Is summer a good time to buy a home in Savannah?
Summer is traditionally an active season in Savannah. Buyers benefit from a steady flow of listings, while sellers often see strong demand from families and relocations looking to move before the next school year.

Categories

Downtown Savannah Georgia, Local Market Updates, Midcity Savannah, Real Estate Marketing, Real Estate Market Trends, Savannah Georgia, Savannah Housing Market, Savannah Market Update, Savannah Real Estate Guides

Tags

912 Savannah, Best in Savannah, Downtown Savannah, housing market, Midcity Savannah, moving to Savannah, real estate marketing, Renting vs buying Savannah, Savannah, Savannah area code, Savannah down payment assistance, Savannah GA, Savannah Georgia relocation, Savannah home prices, Savannah homes, Savannah homes for sale, Savannah housing market, Savannah Lifestyle, Savannah living, Savannah Local Culture, Savannah local guide, Savannah neighborhoods, Savannah newcomers, Savannah real estate, Savannah real estate trends, Savannah relocation, Savannah resources
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