The median home sales price in Savannah for May 2015 was $188,675, a 7% increase from April 2015 and May 2014. The number of closed home sales transactions in May 2015 saw a 14% rise compared to April 2015 and a 17% jump versus May 2014. The average days on the market for homes sold in May 2015 was 115 days, unchanged from April 2015 but two days more than May 2014. The months supply of home inventory at the end of May 2015 was 5.0 months, a 19% rise from April 2015 but a 2% drop from May 2014.

1. SAVANNAH MLS MAY 2015

2. MEDIAN SALES PRICE
SAVANNAH MLS
The Median Price for all homes sold in May was $188,675, which is 7% higher than the
median price in April and 7% higher than the median price in May 2014.
MAY 2015
MAY 2015 $188,675
MAY 2014 $177,000
7%
$188,675
$100,000
$110,000
$120,000
$130,000
$140,000
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000

3. CLOSED TRANSACTIONS
SAVANNAH MLS
The Market Trend Report for May showed a 14% increase in the number of Closed
Transactions over April and a 17% increase over sales in May 2014.
MAY 2015
613
522
17%
MAY 2015
MAY 2014
613
0
100
200
300
400
500
600
700

4. DAYS ON THE MARKET
SAVANNAH MLS
The average Days on the Market for all homes sold in May was 115. This is no change
from the average in April and 2 days more than the average in May 2014.
MAY 2015
115
113
2%
MAY 2015
MAY 2014
115
80
90
100
110
120
130
140

5. MONTHS SUPPLY OF
INVENTORY
SAVANNAH MLS
The number of Months Supply of Inventory at the end of May was 5.0 which is 19%
higher than April and a 2% decrease from May 2014.
MAY 2015
5.0
5.1
2%
MAY 2015
MAY 2014
5.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0

6. Description
The Market Trend Report is distributed each month on or about the 15th.
The Report is based on data provided by Terradatum from the local
Savannah Multiple Listing Service and is not annualized. While MLS and
Terradatum data are believed to be accurate, it cannot be
guaranteed. MLS data is constantly being updated, making any analysis
a snapshot at a particular time. Data for prior periods is not being
recalculated for this report.
Definitions
Median Sales Price is the median price of all residential properties sold
during the month. Closed Transactions are the number of residential
transactions closed during the given month. Days on the Market is the
number of days that pass from the time a property is listed until the
property goes under contract for all residential properties sold during the
month. Months Supply of Inventory is the total number of residential
properties listed for sale at the end of the month (active inventory)
divided by the number of sales contracts signed (pended) during the
month).