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Savannah real estate market closes out 2023 with strong demand, fewer homes sold The Savannah area real estate market closed out 2023 where it has been all year: in seller’s market territory. December saw higher prices, fewer homes sold, and slight increases in new listings and inventory compared to December 2022. “Real estate activity typically…

November sees higher prices, more homes sold, more new listings The Savannah area estate market remained in seller’s market territory through November despite a slight increase in inventory. Prices, sales and new listings all increased compared to last November. “While real estate activity typically slows down during the holidays, the consistent demand in our market…

October sees higher prices, fewer homes sold, fewer new listings The Savannah area estate market remained in seller’s market territory in October, with higher prices and homes averaging just over a month on the market. “While real estate activity tends to slow down as we move into winter, demand for new homes remains strong in…

Sellers still receiving nearly all of asking price September brought higher homes prices, fewer homes sold, fewer new listings and a slight uptick in inventory to Savannah’s real estate market compared to last year.  While homes are spending more time on the market than a year ago, sellers continue to receive nearly all of their…

Prices rise while inventory remains tight Seller’s market conditions persisted during June in the Savannah area real estate market. Strong demand coupled with lower inventory and fewer new listings pushed prices slightly higher, while the number of homes sold decreased. “Prices are holding steady, and sellers are still receiving nearly all of their asking price,…

The Savannah area real estate market saw continued strong demand in May, with median sales prices reaching their highest point in two years. While the number of closed sales decreased slightly, homes sold at nearly 100% of list price. “Our real estate market continues to see strong demand and a tight inventory of available homes,”…

The Savannah area real estate market saw strong demand in April, with fewer new listings and fewer homes sold driving competitive prices. “Our market remains highly competitive despite the slight drop in the number of homes sold,” said Clayton Gagne-Thomas, Savannah Multi-List Corporation (SMLC) 2023 Board President. “While the inventory of available homes is up…

The Savannah area saw a decrease in real estate activity in February, with fewer new listings and fewer homes sold. Prices increased once again, indicating demand for homes remains strong.  “Our market has been on a rebalancing trajectory after the extreme conditions we saw in 2020 and 2021,” said Clayton Gagne-Thomas, Savannah Multi-List Corporation (SMLC)…

Association advocates for affordable housing Savannah Area REALTORS® (SAR) is calling on City of Savannah leaders to oppose the proposed residential land use impact fees. The request was made in a recent letter to Mayor Van Johnson, members of the Savannah City Council, and the City of Savannah’s Planning, Zoning, and Urban Design department. In…

The Savannah area residential real estate market continued its trend toward more typical market conditions in January, with fewer homes sold and higher inventory compared to January 2022. Prices increased slightly, while homes spent more time on the market. “What we saw in January was a continuation of our market’s recent rebalancing trend,” said Clayton…