FEBRUARY 2026 MARKET SUMMARY

February was a quiet month, with just 11 commercial real estate sales across the Savannah MSA. Multifamily sales and development continue to drive much of the market, especially in western Chatham County and Effingham County. In Port Wentworth, Pointe Grand Savannah, a 288-unit Class B apartment complex developed in 2021, claimed the top sale price of the month at $60.6M. Developer One Real Estate Investment sold the property to private equity firm Henderson Park. Further west in Rincon, national home builder D.R. Horton bought just short of 3 acres of land for $3.75M, or approximately $1.35M per acre, from a private individual.

Both of these multifamily sales follow a trend on increased homebuilding in the region. According to Urbanize, Savannah’s residential “construction boom” is leading all U.S. markets with a 249% increase in housing permits from October 2024 to October 2025. With post-COVID port growth and the construction of the Hyundai Georgia Metaplant, the region saw strong commercial growth and population increase between 2022 and 2024. Residential construction struggled to keep up, spiking housing prices and rents.

With the permit and construction surge in 2025, average home prices in the region dropped 6.24%, while rents dropped 1.2%. According to experts, Savannah has emerged as “the poster child for how aggressive homebuilding can cool an overheated housing market.” However, overall regional growth is predicted to slow out this year. Time will tell if the influx of construction was just a much needed correction to an undersupplied market, or if homebuilding trends will continue.