Savannah Real Estate Market Update – March 2017

Each month, we provide the latest  Savannah real estate market statistics based on data from the Savannah Board of Realtors. These statistics show a month by month comparison of the Savannah market. These stats are intended to help you can make an informed decision about the Savannah real estate market before you buy or sell a home in the Savannah area. Request a market snapshot for a comprehensive analysis of your home’s value in today’s market, or call us for an analysis of comparable homes sold.

These statistics are for Residential homes across the entire Savannah MLS.  If you would like similar statistics for a specific area, property type or price range, please complete our Market Analysis Request Form and tell us how we can help. We can provide real estate market statistics for specific regions around Chatham, Effingham or Bryan County.

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Savannah Real Estate Market Snapshot

March 2017 vs March 2016 – All Home Sales

  • 644 – Homes sold, 81 more than March 2016
  • $239,290 – Average sale price, $24,623 more than March 2016
  • 121 – Average number of days homes spent on the market, 10 days more than March 2016
  • 114 – New construction homes sold
  • 3212 – Active home listings on the market
  • 4.99 – Months of inventory
  • $154,102,980 – Total dollar volume of residential properties sold

February 2017 vs February 2016 – All Home Sales

  • 468 – Homes sold, 31 more than February 2016
  • $225,495 – Average sale price, $7,953 more than February 2016
  • 120 – Average number of days homes spent on the market, 9 days more than February 2016
  • 98 – New construction homes sold
  • 3054 – Active home listings on the market
  • 6.53 – Months of inventory
  • $105,531,507 – Total dollar volume of residential properties sold

January 2017 vs January 2016 – All Home Sales

  • 404 – Homes sold, 57 more than January 2016
  • $228,436 – Average sale price, $6,079 less than January 2016
  • 119 – Average number of days homes spent on the market, 7 days more than January 2016
  • 64 – New construction homes sold
  • 2978 – Active home listings on the market
  • 7.37 – Months of inventory
  • $92,287,961 – Total dollar volume of residential properties sold

See previous year’s comparison

If you are looking for an agent who knows all about the Savannah area market, contact Lufburrow Realty today at (912) 355-6562.