savannah market trend re/port- august
DESCRIPTION
August 2012 Market Trends for the Savannah area.TRANSCRIPT
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RE/MAX of Georgia
Savannah, GA Market Trend RE/port
August 2012
September 14, 2012
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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!
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Number of Units Sold
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Days on Market
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Pending Listings (Under Contract)
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Number of Listings For Sale
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Average Sales Price
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Monthly Supply of Inventory (Under Contract)
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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.