Savannah Ga has not been immune from the housing slump and recession -- however, our prices haven't fallen as much as in other areas. Most of the worst real estate news you read and hear is contained in five states, and Ga is not one of them. The most recent news shows that prices are still falling, but at a slower rate. Home prices have fallen about 26% from the peak in 2006 across the nation. In some areas, though, like in the west, home prices had risen over 100% in the preceding 5-7 years, so it's not so bad for people who've had their homes for a long time.

One strategy a homebuyer might want to consider here in Savannah, Ga is to buy before the bottom hits. This is a somewhat risky strategy, but not so much, because it's unlikely Savannah will see home prices fall much more than they already have. At this point, getting a home 10% below the asking price, if the home is fairly priced, would be better than waiting for the bottom during which time the prices might fall 4%. Because once the bottom is reached and the market starts back upwards, negotiations will be difficult. It's easier to negotiate before the market gets to the bottom.

At any rate, if you're thinking about buying, call me at 912-429-3431 and I will give you a free consultation to come up with the best home-buying strategy.