News

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…

SAVANNAH, Ga. — After an extended period of quick sales and low inventory, the Savannah Area residential real estate market returned to more typical numbers in December. The number of homes sold dropped, while the inventory of available homes and the amount of time homes spend on the market both increased compared to December of…

SAVANNAH, Ga. — Following a nationwide search, the Savannah Area REALTORS® (SAR) announced the appointment of Chrissy Campbell as the new Chief Executive Officer of the association. Campbell, who previously worked at SAR from 2007 to 2013, returns to the organization with a proven 23-year track record of REALTOR® association leadership. Campbell served as Senior…

SAVANNAH, Ga. — Last month, the Savannah area residential real estate market saw increases in prices and inventory while sales decreased. While there were fewer closed sales, homes averaged 43 days on the market and sellers received 98.4% of their list price. “While the number of homes sold and new listings are gradually returning to…

SAVANNAH, Ga. — Savannah Area REALTORS® recently issued an open letter to the Government of Garden City, Georgia in response to a recent code enforcement dispute involving fines for short term rental property owners. The letter reads as follows: “It has come to our attention that Garden City’s Code Enforcement division has begun the process…