Happy December! Between the holidays, some extra family time, & our usual day-to-day chaos, we have been busy! (Can you relate?) We did, however, make sure to carve out some time to look into Savannah’s real estate trends for November. Based on our research, it seems more people have been buying homes to settle into just in time for the holidays. In other words, the market is still hot!

General Market Trends

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

• 1,044 new listings, as opposed to 974 new listings in October & 947 new listings this time last year (in November 2020)
• 972 properties sold, as opposed to 1,028 sold in October & 856 sold November 2020

There are currently 1,555 homes on the market (compared to 884 in October), for a total of 1.5 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

• 23 new listings
  • 16 new listings in October 2021
  • 16 new listings this time last year (November 2020)
• 23 properties sold
• Average sale price: $395,000

2. The Islands

• 52 new listings
  • 46 new listings in October 2021
  • 80 new listings this time last year (November 2020)
• 69 properties sold
• Average sale price: $508,000

3. Historic District

• 28 new listings
  • 20 new listings in October 2021
  • 29 new listings this time last year (November 2020)
• 26 properties sold
• Average sale price: $847,000

4. Starland/Thomas Square/South Victorian District

• 23 new listings
  • 13 new listings in October 2021
  • 16 new listings this time last year (November 2020)
• 21 properties sold
• Average sale price: $573,000

5. Eastside

• 18 new listings
  • 22 new listings in October 2021
  • 7 new listings this time last year (November 2020)
• 13 property sold
• Average sale price: $209,000

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

• 20 new listings
  • 21 new listings in October 2021
  • 15 new listings this time last year (November 2020)
• 14 properties sold
• Average sale price: $215,000

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

• 30 new listings
  • 38 new listings in October 2021
  • 21 new listings this time last year (November 2020)
• 24 properties sold
• Average sale price: $273,000

8. West Savannah

• 3 new listings
  • 4 new listings in October 2021
  • 21 new listings this time last year (November 2020)
• 5 properties sold
• Average sale price: $91,000

9. Cloverdale/Tremont Park/Liberty City

• 11 new listings
  • 8 new listings in October 2021
  • 7 new listings this time last year (November 2020)
• 5 properties sold
• Average sale price: $114,000

10. Cuyler Brownsville/Cann Park

• 8 new listings
  • 8 new listings in October 2021
  • 8 new listings this time last year (November 2020)
• 7 properties sold
• Average sale price: $119,000

11. Midtown

• 26 new listings
  • 22 new listings in October 2021
  • 28 new listings this time last year (November 2020)
• 4 properties sold
• Average sale price: $288,000

12. Southside

• 55 new listings
  • 64 new listings in October 2021
  • 43 new listings this time last year (November 2020)
• 52 properties sold
• Average sale price: $309,000

13. Georgetown/Chevis/Little Neck

• 40 new listings
  • 50 new listings in October 2021
  • 49 new listings this time last year (November 2020)
• 51 properties sold
• Average sale price: $262,000

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

• 27 new listings
  • 42 new listings in October 2021
  • 42 new listings this time last year (November 2020)
• 35 properties sold
• Average sale price: $808,000

15. Berwick/Southbridge

• 28 new listings
  • 34 new listings in September 2021
  • 39 new listings this time last year (October 2020)
• 36 properties sold
• Average sale price: $315,000

16. Garden City/Old Port Wentworth

• 7 new listings
  • 13 new listings in October 2021
  • 9 new listings this time last year (November 2020)
• 12 properties sold
• Average sale price: $173,000

17. New Port Wentworth/North Pooler

• 35 new listings
  • 31 new listings in October 2021
  • 32 new listings this time last year (November 2020)
• 39 properties sold
• Average sale price: $287,000

18. Pooler/Bloomingdale

• 67 new listings
  • 73 new listings in October 2021
  • 89 new listings this time last year (October 2020)
• 64 properties sold
• Average sale price: $303,000

19. Rincon

• 67 new listings
  • 42 new listings in October 2021
  • 69 new listings this time last year (November 2020)
• 68 properties sold
• Average sale price: $281,000

20. Guyton/Springfield

• 86 new listings
  • 42 new listings in October 2021
  • 44 new listings this time last year (November 2020)
• 54 properties sold
• Average sale price: $257,000

21. Richmond Hill

• 56 new listings
  • 67 new listings in October 2021
  • 54 new listings this time last year (November 2020)
• 56 properties sold
• Average sale price: $332,000

22. Keller

• 47 new listings
  • 41 new listings in October 2021
  • 37 new listings this time last year (November 2020)
• 45 properties sold
• Average sale price: $421,000

23. Midway

• 29 new listings
  • 73 new listings in October 2021
  • 66 new listings this time last year (November 2020)
• 58 properties sold

24. Hinesville

• 64 new listings
  • 73 new listings in October 2021
  • 66 new listings this time last year (November 2020)
• 58 properties sold