Savannah Property Sales Overview
The median property value in Savannah for December is $125,548.
Houses have increased by 0.97% for the month and decreased 0% for the year.
Rental demand is up with yields increasing in February to 8.00%, from 7.93% in January.
The number of properties sold this quarter is the same on last quarter from 0 to 0. This is the same on the 5 year quarterly average of 0 indicating no change in demand.
What's the median House price in Savannah in December 2021?
The median property value for houses in Savannah is $125,548.
This is an increase of 0.97% ($124,337) from last month.
How much does it cost to rent a House in Savannah?
Rent prices in Savannah are the highest they've been in 12 months at $396.
This is up 7.61% from a 12 month low of $368 in December 2020 and a 2.59% up from last month.
What's the current rental yield in Savannah?
Rental yields for houses in Savannah is 8%.
This is up from a 12 month low of 7.93% in November 2021 and down from a 12 month high of 8.51% in March 2021.
How many properties sold in Savannah in February?
Total sales volume in Savannah is 0, which is the same from 0 in the previous quarter.
This is the same as the weakest quarter in the last 5 years which was Q3 2021 with 0 sales and 0% the same than the strongest quarter in the past 5 years which saw 0 sales in Q3 2021.
How long did it take to sell a property in Savannah in February?
54 days is the average time on market in Savannah in December, which is the same from 54 in November and has been trending down since October 2021.
This can indicate a buyers market where sellers are finding it harder to make a sale.
Are properties selling below or above the listing price in Savannah?
December sees the vendor expectation error for Savannah at -3.6% which means, on average, places sold for -3.6% less than the listing price.
This is a great sign for buyers looking to negotiate.
It’s worth noting that in a hot market you might want to set your price expectations even higher than the -3.6% as things can move pretty quickly.