Savannah Market Update: Balance Is Returning To Real Estate

The Savannah housing market has been moving fast for years. Buyers raced to beat other offers. Sellers enjoyed instant demand. Investors often felt sidelined. But July 2025 delivered a different picture, one that shows balance creeping back into the market.

Savannah By The Numbers

Here are the key stats from July 2025:

• Inventory: 3,196 homes (+39% year-over-year)
• Closed Sales: 850 (+9.4% YOY)
• Median Sales Price: $345,000 (+1.8% YOY)
• Days on Market: 64 (+20.8% YOY)
• Months Supply: 4.6 (+48.4% YOY)

These numbers tell a clear story. Buyers now have more choices. Sellers are still closing deals but need stronger strategies. Investors have a chance to negotiate in a more balanced environment.

Buyers: More Options, More Time

For buyers, July finally brought relief.

With inventory up nearly 40 percent, choices have expanded across price ranges and neighborhoods. Last year, options felt limited. This year, buyers can compare, take their time, and negotiate.

Days on market rose to 64. Sellers are waiting longer for offers. That shift gives buyers leverage to ask for concessions such as repairs, closing costs, or rate buydowns.

Prices have not fallen. The median price edged up 1.8 percent to $345,000. That shows the market is not collapsing. Instead, it is stabilizing.

Key Buyer Takeaways:

• More homes to choose from
• Less urgency and competition
• Better negotiating position

Sellers: Competition Is Heating Up

Sellers should not panic, but they must pay attention.

Closed sales were strong in July. In fact, they were up 9.4 percent from last year. Buyers are still in the market. People are still moving to Savannah.

The caution flag is inventory. More homes are available, and months supply increased to 4.6. A balanced market is usually around five to six months. For the first time in years, Savannah is moving closer to that point.

When buyers have more choices, they get selective. Homes that are overpriced, poorly presented, or lightly marketed are sitting.

Key Seller Takeaways:

• Pricing correctly from day one is critical
• Staging and presentation help homes stand out
• Concessions may be necessary to get deals done

Investors: A Smarter Entry Point

Investors have a reason to re-engage.

The rise in months supply means less pressure and fewer bidding wars. Investors can evaluate deals on numbers instead of emotion.

Prices remain stable, which provides confidence that investments will hold value. Rental demand in Savannah remains strong, especially as affordability challenges push more people toward renting.

Investor Opportunity:

• Negotiate with more confidence
• Focus on strong rental corridors
• Enter the market before conditions swing again

Savannah compared to the rest of the country

Nationally, the median existing-home price in July was $435,300, according to the National Association of Realtors. That is a 2 percent increase year-over-year.

Savannah’s $345,000 median is lower, but both show steady growth. Where Savannah stands out is inventory. National inventory grew about 16 percent. Savannah’s jumped nearly 40 percent.

That sharper increase makes Savannah one of the more buyer-friendly markets right now.

Why Balance Matters

For years, sellers controlled the market. Buyers waived inspections, paid above list, and rushed into decisions. That environment is not sustainable.

A balanced market gives buyers time to evaluate and negotiate. Sellers still get fair prices, but not at runaway levels. Investors can enter with less risk.

Savannah at 4.6 months supply is not fully balanced yet, but it is the closest we have been in years.

Actionable Takeaways

For Buyers:

• Don’t wait for a crash. Prices are steady, not falling.
• Use your leverage to negotiate terms.
• Explore neighborhoods that were out of reach last year.

For Sellers:

• Price right from the start
• Stage and market aggressively
• Expect longer timelines for offers

For Investors:

• Look for rental-demand hot spots
• Use balance to negotiate firmly
• Build now before the cycle shifts again

The Bottom Line

The Savannah housing market is not crashing. It is correcting into balance. Buyers have more leverage. Sellers face more competition. Investors can re-enter strategically.

What matters most is how these shifts affect your specific situation. Whether you are thinking about buying, selling, or investing, the best strategy is always personal.

If you want me to run your numbers or walk you through today’s listings, let’s talk.