Savannah Real Estate Market Update – December 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

December 2017 vs December 2016 – All Home Sales

  • 560– Homes sold, 38 more than December 2016
  • $241,272 – Average sale price, $18,981 more than December 2016
  • 95 – Average number of days homes spent on the market, 5 days less than December 2016
  • 114 – New construction homes sold
  • 2662 – Active home listings on the market
  • 4.75 – Months of inventory
  • $135,112,163 – Total dollar volume of residential properties sold

November 2017 vs November 2016 – All Home Sales

  • 565 – Homes sold, 139 more than November 2016
  • $243,365 – Average sale price, $9,641 more than October 2016
  • 94 – Average number of days homes spent on the market, 17 days less than November 2016
  • 118 – New construction homes sold
  • 2779 – Active home listings on the market
  • 4.92 – Months of inventory
  • $137,501,078 – Total dollar volume of residential properties sold

October 2017 vs October 2016 – All Home Sales

  • 555 – Homes sold, 76 more than October 2016
  • $239,032 – Average sale price, $9,413 less than October 2016
  • 100 – Average number of days homes spent on the market, 3 days less than October 2016
  • 106 – New construction homes sold
  • 2842 – Active home listings on the market
  • 5.12 – Months of inventory
  • $132,662,772 – Total dollar volume of residential properties sold

September 2017 vs September 2016 – All Home Sales

  • 549 – Homes sold, 54 less than September 2016
  • $234,989 – Average sale price, $7,638 more than September 2016
  • 87 – Average number of days homes spent on the market, 18 days less than September 2016
  • 98 – New construction homes sold
  • 2861 – Active home listings on the market
  • 5.21 – Months of inventory
  • $129,009,200 – Total dollar volume of residential properties sold

August 2017 vs August 2016 – All Home Sales

  • 681 – Homes sold, 43 more than August 2016
  • $234,062 – Average sale price, $4,254 less than August 2016
  • 93 – Average number of days homes spent on the market, 2 days more than August 2016
  • 99 – New construction homes sold
  • 3033 – Active home listings on the market
  • 4.42 – Months of inventory
  • $159,396,314 – Total dollar volume of residential properties sold

July 2017 vs July 2016 – All Home Sales

  • 681 – Homes sold, 73 more than July 2016
  • $227,766 – Average sale price, $11,518 less than July 2016
  • 83 – Average number of days homes spent on the market, 27 days less than July 2016
  • 99 – New construction homes sold
  • 3033 – Active home listings on the market
  • 4.45 – Months of inventory
  • $155,108,526 – Total dollar volume of residential properties sold

June 2017 vs June 2016 – All Home Sales

  • 785 – Homes sold, 60 more than June 2016
  • $250,038 – Average sale price, $4,529 more than June 2016
  • 111 – Average number of days homes spent on the market, 6 days more than June 2016
  • 142 – New construction homes sold
  • 3129 – Active home listings on the market
  • 3.99 – Months of inventory
  • $196,279,852 – Total dollar volume of residential properties sold

May 2017 vs May 2016 – All Home Sales

  • 784 – Homes sold, 115 more than May 2016
  • $242,408 – Average sale price, $1,421 more than May 2016
  • 104 – Average number of days homes spent on the market, 6 days more than May 2016
  • 163 – New construction homes sold
  • 3139 – Active home listings on the market
  • 4.00 – Months of inventory
  • $190,047,508 – Total dollar volume of residential properties sold

April 2017 vs April 2016 – All Home Sales

  • 619 – Homes sold, 88 more than April 2016
  • $237,166 – Average sale price, $3,546 less than April 2016
  • 100 – Average number of days homes spent on the market, 15 days less than April 2016
  • 124 – New construction homes sold
  • 3153 – Active home listings on the market
  • 5.09 – Months of inventory
  • $146,805,713 – Total dollar volume of residential properties sold

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.