How Does Savannah Compare to the National Association of Realtors’ Top 10 Markets for 2025?
As a seasoned Realtor, now living and selling in Savannah, Georgia, I’ve witnessed firsthand the dynamic shifts in our local real estate market. While Savannah didn’t make the National Association of Realtors’ (NAR) top 10 housing markets expected to outperform in 2025, our charming city continues to hold its own. Let’s explore how Savannah compares to these nationally recognized hotspots.
The Top 10 Housing Markets for 2025
According to NAR, the top-performing housing markets for 2025 include:
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Boston-Cambridge-Newton, MA-NH
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Charlotte-Concord-Gastonia, NC-SC
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Grand Rapids-Kentwood, MI
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Greenville-Anderson, SC
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Hartford-East Hartford-Middletown, CT
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Indianapolis-Carmel-Anderson, IN
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Kansas City, MO-KS
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Knoxville, TN
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Phoenix-Mesa-Chandler, AZ
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San Antonio-New Braunfels, TX
These markets were chosen based on factors like affordable inventory, income growth among young adults, and positive net migration trends.
Savannah’s Real Estate Market at a Glance
Savannah has long been known for its historic charm, cultural appeal, and vibrant economy. In the past year alone, the average home value in Savannah increased by 10.5%, reaching $307,925. While this growth rate is impressive, it’s slightly more tempered compared to the rapid appreciation seen in some of NAR’s top markets.
Affordability in Savannah
One of Savannah’s key strengths is affordability. With a median home price significantly below the national forecasted median of $410,700 for 2025, Savannah offers buyers a more cost-effective option without sacrificing quality of life. This makes it an attractive choice for retirees, first-time buyers, and investors alike.
Migration Trends and Demographics
While NAR’s top 10 markets often boast high levels of net migration, Savannah’s steady population growth is driven by its unique appeal. Our city’s historic architecture, thriving arts scene, and proximity to the coast continue to draw new residents. Additionally, Savannah’s burgeoning economy, supported by industries like logistics and tourism, adds to its allure.
Why Savannah Stands Out
Although Savannah may not exhibit the same levels of millennial homeownership potential or income growth as some of the NAR’s highlighted markets, it remains a hidden gem for real estate buyers. Here are a few reasons why Savannah continues to thrive:
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Historic Charm: From cobblestone streets to well-preserved antebellum architecture, Savannah’s aesthetic is unmatched.
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Cultural Appeal: With events like the Savannah Music Festival and an ever-growing food scene, our city is a cultural hub.
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Economic Opportunities: Savannah’s port and expanding logistics industry provide stable employment opportunities, supporting a robust housing market.
Looking Ahead
Savannah’s real estate market may not be on the NAR’s top 10 list, but its steady growth, affordability, and unique lifestyle continue to make it an excellent choice for buyers and investors. Whether you’re considering purchasing a home or investing in rental properties, Savannah’s charm and potential are undeniable.
Ready to explore the opportunities Savannah has to offer? Contact me, David Wright, your local Savannah Realtor, to start your real estate journey today!
