Savannah Real Estate Market Update: What Buyers and Sellers Need to Know Right Now
If you’ve been watching the Savannah real estate market over the past year, you’ve probably noticed things feel different.
We’re no longer in the lightning-fast, multiple-offer frenzy that defined the pandemic years. But we’re also not in a downturn. What we’re seeing instead is a shift back toward a more balanced market — and in the long run, that’s a good thing.
Here’s what’s actually happening on the ground in Savannah right now and what it means if you’re thinking about buying or selling.
Savannah Home Prices Are Stabilizing — Not Dropping
One of the biggest questions I get right now is whether home prices in Savannah are falling.
The reality is prices aren’t crashing — they’re stabilizing.
After several years of rapid appreciation, values across most Savannah neighborhoods have leveled off. Well-priced homes are still selling, and in desirable areas they’re selling quickly. The difference is that buyers now have time to evaluate options instead of rushing into offers.
For sellers, this means pricing strategy matters more than ever.
For buyers, it means less competition and more room to negotiate.
Inventory Is Increasing, Giving Buyers More Choices
We’re seeing more homes for sale in Savannah than we did during the inventory shortage of the past few years. That’s giving buyers more flexibility and helping reduce the intense competition we saw before.
That said, we’re still not oversupplied.
Homes in strong locations like Ardsley Park, Midtown, Downtown, Pooler, and Richmond Hill continue to attract attention. The difference now is that homes may take a few weeks to sell instead of a few days.
This is simply the market returning to normal transaction timelines.
Buyers Are Still Active — Just More Strategic
Higher interest rates haven’t removed buyers from the market — they’ve just made them more thoughtful.
We’re still seeing strong demand from:
- Relocation buyers moving to Savannah for port and logistics jobs
- Medical and SCAD-related moves
- Families relocating from higher-tax states
- Investors targeting rental properties and small multifamily opportunities
Today’s buyers are simply more cautious. They compare properties, negotiate repairs, and take time to make decisions. That’s what a healthy market looks like.
Savannah’s Growth Is Still Fueling Long-Term Demand
Savannah’s long-term outlook remains extremely strong.
The Port of Savannah continues expanding, manufacturing investment tied to Hyundai and suppliers is driving job growth, and tourism remains one of the city’s biggest economic engines.
On top of that, Savannah continues attracting people looking for:
- Coastal lifestyle
- Historic character
- Lower cost of living than many major metros
- Strong rental demand for investment properties
These fundamentals are why Savannah has stayed resilient through interest rate swings and national housing shifts.
What This Means If You’re Selling a Home in Savannah
You can absolutely sell successfully in today’s market, but strategy matters.
The homes that sell fastest right now tend to have three things in common:
- Correct pricing from day one
- Strong marketing and professional presentation
- Realistic expectations about timing
Overpricing is the biggest mistake sellers are making right now. Buyers are informed and watching the market closely.
What This Means If You’re Buying a Home in Savannah
For buyers, this is one of the best windows we’ve seen in several years.
You have:
- More inventory to choose from
- Less competition from other buyers
- More negotiating power
- Time to do proper inspections and due diligence
It’s a much more comfortable environment to buy in compared to the frenzy years.
My Take as a Savannah Agent
Savannah’s market isn’t slowing down — it’s maturing.
We’re shifting from a speed-driven market to a strategy-driven one. And historically, those are the markets where both buyers and sellers make smarter, more confident decisions.
If you’re thinking about buying, selling, or investing in Savannah, the key right now is understanding your timing and having a clear plan.
Thinking About Making a Move in Savannah?
If you want a custom breakdown of your neighborhood, property value, or investment strategy, reach out anytime.
The market may be shifting, but opportunities are still everywhere — you just have to know where to look, It’s Deal Day!
Sincerely,
Brandon Fargo