Option 2: Hire a top Savannah real estate agent
When speed is essential in selling your Savannah home, partnering with a top real estate agent becomes a strategic advantage. An expert agent brings a deep understanding of the Savannah housing market, ensuring your home sells quickly and for the best possible price. They manage all aspects, from staging to closing, maximizing your profit while minimizing stress during the sale process.
“If you’re looking to sell your home for the most money available in the market, then go with a Realtor who has the resources and knowledge,” says Jay Mills, a Realtor Partner at the Hupman Group in Greater Savannah.
Now, let’s explore the dynamics of the Savannah real estate market, the benefits of selling through a professional, and learn how to link up with a top-performing agent in Greater Savannah. This approach not only aims for speed but also prioritizes your interests so you get the most out of your home sale.
How fast are homes selling in Savannah?
The Savannah housing market remains firmly in seller’s market territory. “While we saw fewer homes sold [in December 2023], demand for homes remains strong in our area,” says Sonny Wright, Savannah Multi-List Corporation (SMLC) 2024 Board President. “We expect prices to continue pushing higher, and we expect our market to remain in a seller’s market for the foreseeable future.”
In December 2023, homes spent a median of 51 days on the market, four days longer than the same period a year earlier, according to a report by Savannah Area Realtors®. (Note that it currently takes another 47 days for a buyer to close on a purchase loan, which will extend your home-selling timeline.)
While closed home sales were down 5.9% year-over-year, median sales prices increased 5.2% to $315,500. The typical home sold in December received 97.6% of its list price, a 0.4% decrease on an annual basis. “If homes are priced right, they are selling for close to 100% of the list price,” confirms Mills.
The number of new listings ticked up 2.2% during the last month of the year, and pending home sales got a 6.2% boost. The months’ supply of inventory — aka the time it would take to sell all of the homes on the market, based on the rate of monthly sales — jumped 10.5% compared to December 2022, amounting to 2.1 months. This figure is still extremely low; for context, a balanced market typically has a 5–7 month supply.
Here’s a snapshot of current housing market indicators in Savannah:
| Days on market (average time from list to contract) | 51 days* |
| Days to close conventional home loan | 47 days |
| Median home sale price | $315,500 |
| Supply of inventory | 2.1 months |
| Number of closed home sales year over year | -5.9% |
*Does not include time for buyer to close the loan
Data source(s): Savannah Area Realtors®, Ice Mortgage Technology
Benefits of selling with a top Savannah agent
Working with a top real estate agent in Savannah not only enhances your chances of a successful home sale but can significantly speed up the process. These professionals leverage their market knowledge, negotiation skills, and network to ensure your home sells quickly and for the best price.
“If you go with an agent who knows the market and knows how to sell homes, then you’ll successfully sell — you’ll sell your home every time,” says Mills.
- Ability to sell for more: Expert pricing strategies from a skilled agent maximize your home’s value, attracting serious buyers fast.
- Can generate a speedy sale: An agent’s understanding of Savannah’s strong buyer demand means your home is positioned to sell quickly.
- Accurate, effective pricing: Setting the right price from the start avoids delays, drawing immediate interest.
- Professional negotiation skills: Effective negotiations can quickly advance offers to closing, securing a fast sale.
- Expert partner by your side: An experienced agent guides you through the selling process, anticipating and solving problems quickly.
- Will know what to fix and not fix: Advice on necessary repairs and updates can save time and enhance your home’s appeal, avoiding unnecessary work and expenses.
- Elevated marketing: Advanced marketing techniques reach more potential buyers faster, shortening the time on market.
- Contract savviness: Understanding the intricacies of purchase agreements can prevent delays and ensure a smooth sale.
- Can manage documents and disclosures: Expert handling of paperwork and legal requirements keeps the process moving without setbacks.
- Network of skilled professionals: Access to an agent’s trusted network ensures that any necessary services, from home staging to repairs, are performed promptly and professionally.
Choosing the right agent can make selling your home in Savannah a breeze, speeding things up to fit your schedule and financial goals.
