Savannah Real Estate Market Update | May 4-10, 2026

The Savannah real estate market remained active this week, with steady buyer demand and improving market pace as spring activity continues. Here’s a quick look at what happened in our local market between May 4-10, 2026:

Key Numbers

• New Listings: 229 (down from 268 the week prior)
• Homes Under Contract: 204 (down slightly from 220)
• Closed Sales: 175 (down from 211)
• Average Days on Market: 88 (down from 97)
• Average Sales Price: $394,588 (down from $434,876)

Trends to Watch

• New listings slowed slightly this week, but inventory levels remain healthy for buyers.
• Pending contracts and closings eased modestly, reflecting a more balanced pace after recent spring surges.
• Days on market improved significantly, showing homes are moving faster than they were just a week ago.
• Average prices adjusted downward, indicating a greater share of mid-range home sales this week.
• Price reductions increased slightly, signaling that sellers are continuing to stay competitive in an active market.

Conclusion

The Savannah real estate market continues to show healthy spring activity, with strong inventory, active buyers, and improving sales pace. Buyers still have opportunities, while sellers who position their homes strategically are seeing solid results.

👉 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 97 to 88 days this week, showing that well-priced homes are moving more quickly.

2. Why did average home prices decrease this week?
The drop in average price reflects a larger number of mid-range home sales compared to last week’s higher-end transactions. Weekly price shifts are common in an active market.

3. Is the Savannah market still active heading into summer?
Absolutely. Buyer activity remains steady, inventory is healthy, and the market continues to see strong movement as we transition from spring into summer.