Happy November! We have been very busy lately & just managed to carve out a bit of time this afternoon to look into Savannah’s real estate trends for the last month. While many have been waiting for a major slow-down in the real estate market, we’re still seeing homes fly off the shelves, especially in the $100-200k price range. Inventory is continually staying low, keeping the market hot. Let’s take a closer look, starting first with general trends & then dialing in on trends in your neighborhood.

General Market Trends

For the month of October in the entire Savannah MLS, which covers all of Chatham, Effingham, Bryan, & parts of Long and Liberty Counties, we have seen the following:

  • 974 new listings, as opposed to 1,073 new listings in September & 1,017 new listings this time last year (in October 2020)
  • 353 listings went under contract, with 187 of those being properties also listed in October.
  • 936 properties sold, with 57 of those having been also listed in October.

There are currently 884 homes on the market, for a total of 1.1 months of inventory. In a balanced market, we expect to see 6 months of inventory, so we are still in a seller’s market.

Here, we can see the trends from the last 5 years of months of inventory (in blue – remember, the balanced market is right around 6 months) & median home sale prices (in green).

And this chart shows us the trends, also over the last 5 years, of the amount of new listings (green) & sold houses (blue).

Here is our index of neighborhoods:

  1. Ardsley Park/Chatham Crescent/Baldwin Park/Parkside
  2. The Islands
  3. Historic Districts
  4. Starland/Thomas Square/South Victorian District
  5. Eastside
  6. Pine Gardens/Savannah Gardens/Avondale “The States”/Victory Heights
  7. LaRoche/Fernwood/Glynnwood/Savannah State/Skidaway Terrace/Magnolia Park/Thunderbolt
  8. West Savannah
  9. Cloverdale/Tremont Park/Liberty City
  10. Cuyler Brownsville/Cann Park
  11. Midtwon
  12. Southside
  13. Georgetown/Chevis/Little Neck
  14. The Landings/Isle of Hope/Dutch Island/Burnside Island
  15. Berwick/Southbridge
  16. Garden City/Old Port Wentworth
  17. New Port Wentworth/North Pooler
  18. Pooler/Bloomingdale
  19. Rincon
  20. Guyton/Springfield
  21. Richmond Hill
  22. Keller
  23. Midway
  24. Hinesville

1. Ardsley Park/Chatham Crescent/Baldwin Park/Parkside

  • 16 new listings
    • 20 new listings in September 2021
    • 26 new listings this time last year (October 2020)
  • 5 listings went under contract
  • 0 properties sold

2. The Islands

  • 46 new listings
    • 71 new listings in September 2021
    • 77 new listings this time last year (October 2020)
  • 3 listings went under contract
  • 7 properties sold

3. Historic District

  • 20 new listings
    • 24 new listings in September 2021
    • 31 new listings this time last year (October 2020)
  • 2 listings went under contract
  • 3 properties sold

4. Starland/Thomas Square/South Victorian District

  • 13 new listings
    • 14 new listings in September 2021
    • 19 new listings this time last year (October 2020)
  • 0 listings went under contract
  • 0 properties sold

5. Eastside

  • 22 new listings
    • 15 new listings in September 2021
    • 18 new listings this time last year (October 2020)
  • 3 listings went under contract
  • 1 property sold

6. Pine Gardens/Savannah Gardens/Avondale “The States”/Victory Heights

  • 21 new listings
    • 12 new listings in September 2021
    • 18 new listings this time last year (October 2020)
  • 2 listings went under contract
  • 4 properties sold

7. LaRoche/Fernwood/Glynwood/Savannah State/Skidaway Terrace/Magnolia Park/Thunderbolt

  • 38 new listings
    • 22 new listings in September 2021
    • 21 new listings this time last year (October 2020)
  • 5 listings went under contract
  • 4 properties sold

8. West Savannah

  • 4 new listings
    • 7 new listings in September 2021
    • 2 new listings this time last year (October 2020)
  • 1 listings went under contract
  • 0 properties sold

9. Cloverdale/Tremont Park/Liberty City

  • 8 new listings
    • 3 new listings in September 2021
    • 5 new listings this time last year (October 2020)
  • 0 listings went under contract
  • 1 property sold

10. Cuyler Brownsville/Cann Park

  • 8 new listings
    • 12 new listings in September 2021
    • 4 new listings this time last year (October 2020)
  • 0 listings went under contract
  • 1 property sold

11. Midtown

  • 22 new listings
    • 26 new listings in September 2021
    • 24 new listings this time last year (October 2020)
  • 3 listings went under contract
  • 1 property sold

12. Southside

  • 64 new listings
    • 77 new listings in September 2021
    • 49 new listings this time last year (October 2020)
  • 6 listings went under contract
  • 4 properties sold

13. Georgetown/Chevis/Little Neck

  • 50 new listings
    • 52 new listings in September 2021
    • 32 new listings this time last year (October 2020)
  • 9 listings went under contract
  • 2 properties sold

14. The Landings, Isle of Hope, Dutch Island, Burnside Island

  • 42 new listings
    • 34 new listings in September 2021
    • 63 new listings this time last year (October 2020)
  • 6 listings went under contract
  • 4 properties sold

15. Berwick/Southbridge

  • 34 new listings
    • 32 new listings in September 2021
    • 30 new listings this time last year (October 2020)
  • 12 listings went under contract
  • 1 property sold

16. Garden City/Old Port Wentworth

  • 13 new listings
    • 14 new listings in September 2021
    • 8 new listings this time last year (October 2020)
  • 1 listings went under contract
  • 0 properties sold

17. New Port Wentworth/North Pooler

  • 31 new listings
    • 60 new listings in September 2021
    • 46 new listings this time last year (October 2020)
  • 8 listings went under contract
  • 3 properties sold

18. Pooler/Bloomingdale

  • 73 new listings
    • 66 new listings in September 2021
    • 80 new listings this time last year (October 2020)
  • 27 listings went under contract
  • 4 properties sold

19. Rincon

  • 42 new listings
    • 62 new listings in September 2021
    • 85 new listings this time last year (October 2020)
  • 8 listings went under contract
  • 2 properties sole

20. Guyton/Springfield

  • 42 new listings
    • 57 new listings in September 2021
    • 44 new listings this time last year (October 2020)
  • 6 listings went under contract
  • 0 properties sold

21. Richmond Hill

  • 67 new listings
    • 74 new listings in September 2021
    • 63 new listings this time last year (October 2020)
  • 17 listings went under contract
  • 1 property sold

22. Keller

  • 41 new listings
    • 60 new listings in September 2021
    • 46 new listings this time last year (October 2020)
  • 12 listings went under contract
  • 1 property sold

23. Midway

  • 9 new listings
    • 14 new listings in September 2021
    • 9 new listings this time last year (October 2020)
  • 2 listings went under contract
  • 1 property sold

24. Hinesville

  • 73 new listings
    • 64 new listings in September 2021
    • 78 new listings this time last year (October 2020)
  • 21 listings went under contract
  • 4 properties sold