savannah market trend re/port- august

RE/MAX of Georgia Savannah, GA Market Trend RE/port August 2012 September 14, 2012

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August 2012 Market Trends for the Savannah area.

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Page 1: Savannah Market Trend RE/port- August

RE/MAX of Georgia

Savannah, GA Market Trend RE/port

August 2012

September 14, 2012

Page 2: Savannah Market Trend RE/port- August

August Highlights 2012 vs. 2011

For Savannah, GA comparing 2011 to 2012 there are . . .

• 10 more listings under contract than this time last year• Listings have been selling 1 day faster in 2012• 114% less listings under contract compared to 2011• 70% less listings for sale in 2012• Average sales price has increased in 2012 by 14% or $24,120• 85% less monthly supply of inventory in 2012

• Inventory is significantly less than 2011 and home prices are going up!

Page 2

Number of Units Sold

Page 3

Page 4

Days on Market

Page 5

Pending Listings (Under Contract)

Page 6

Number of Listings For Sale

Page 7

Average Sales Price

Page 8

Monthly Supply of Inventory (Under Contract)

Page 9: Savannah Market Trend RE/port- August

Data provided by Terradatum. The above representation is based in whole or in part on data from the local Multiple Listing Service for the time period indicated. RE/MAX, the Multiple Listing Service, and the member Associations of REALTORS do not guarantee or are in any way responsible for the data accuracy.

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