News

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…

Inventory reaches highest point in two years SAVANNAH, Ga. — The Savannah area’s residential real estate market saw fewer homes sold and higher prices in August, with inventory reaching its highest point in the past two years. Homes are still selling quickly, spending just over a month on the market. “With inventory on the rise,…

SAVANNAH, Ga. — Savannah Area REALTORS® (SAR) was recently awarded a $10,000 grant from the National Association of REALTORS®’ (NAR) Housing Opportunity Program to support activities that create and expand affordable housing opportunities. The grant will be used to partner with the City of Savannah to develop best practices for upcoming inclusionary zoning proposals by…

In 2021, Savannah Area REALTORS®(SAR) had the 4th highest RPAC participation, 5th highest percentage over goal, and the 30th highest dollar amount among the over 1,300+ REALTOR® associations in the nation, firmly setting new records for RPAC success in the state of Georgia. Today, SAR is pleased to announce that its record-shattering progress continues as…

Homes still selling in just over a month SAVANNAH, Ga. — July brought more of the same in Savannah’s residential real estate market, with the market following a familiar pattern of increased prices, more inventory and quick sales. “While new listings and the number of homes sold were both down in July, our market once…

Demand remains strong as prices increase SAVANNAH, Ga. — June saw inventory in Savannah’s residential real estate market increase to the highest level in two years, while the homes are spending just over a month on the market, the lowest mark in two years. Prices also increased last month, with sellers receiving more than asking…

Inventory increases, homes sell quickly and above asking price SAVANNAH, G.A. — Homes in the Savannah Area REALTORS® (SAR) service area sold quickly in May, spending just over a month on the market, with sellers receiving more than asking price on average. “While the inventory of available homes is significantly higher than the same time…

Members of the Savannah Area REALTORS®’ (SAR) Young Council of REALTORS® (YCR) recently presented a $2,000 donation check to Lifeline for Children, a Chatham County charity that provides resources and advocates for victims of child abuse and neglect. “This contribution is a tremendous example of the constant efforts our REALTOR® members make to improve our…

Monica Spillane Cerrone of Signature Properties Savannah was recently named Georgia’s 2021 REALTOR® of the Year. This statewide award recognizes a REALTOR® who has made outstanding contributions to the Georgia Association of REALTORS® (GAR), Savannah Area REALTORS® (SAR), the National Association of REALTORS® (NAR) and local, state and national civic activities and groups. Recipients demonstrate…