Savannah, GA Housing Market Report

The Savannah real estate market is currently undergoing a significant transition toward a buyer-friendly environment as of December 2025. With active inventory surging by nearly 14 percent year-over-year to 2,216 listings, prospective homeowners have more options than they have seen in several years. This increase in supply is coupled with a notable slowdown in the pace of sales, as homes are now spending an average of 93 days on the market—a substantial 34-day increase compared to the previous year. The sale-to-list ratio of 0.98 suggests that buyers are successfully negotiating prices below the original asking price, signaling a shift in leverage away from sellers.

Price trends in the Hostess City have shown a consistent, albeit gradual, cooling over the latter half of 2025. Since July, the median home value has declined every month, dropping from $324,425 to the current $321,796. This represents a 3.39 percent year-over-year decrease. This downward trajectory is likely driven by the combination of higher inventory levels and increased days on market, which forces sellers to be more competitive with their pricing. While home values are softening, the rental market remains resilient, with median rents rising slightly to $1,752, indicating that demand for housing in the metro area remains stable even as the sales market recalibrates.

Looking ahead, the Savannah market presents a strategic window for buyers who were previously sidelined by high competition and rapid price appreciation. The current data suggests that the market is stabilizing rather than crashing, providing a more predictable landscape for long-term investment. Sellers, on the other hand, must adjust their expectations; the days of immediate bidding wars have passed. Success for sellers in 2026 will depend on realistic pricing and patience, as the average time to close a sale has extended to over three months. For investors, the modest growth in rental rates despite falling purchase prices may offer improved cap rates and more attractive cash-flow opportunities.