When Savannah resident Ashley Duff and her husband closed on their house in the Sandfly neighborhood for $180,000, they were ecstatic. With housing prices at an all-time high and scant options for locations closer to downtown, Duff considered her find a stroke of luck.
“We definitely hit the market at a sweet spot before inventory went almost completely dry,” said Duff, who bought her home in March, “I would say we got lucky but it took a lot of planning and commitment.”
Chatham County is experiencing a seller’s real estate market. When Duff bought her home In March, the county’s housing inventory stood at 1.93 months, a statistic that reflects how long it would take at the current selling pace to sell every home on the market. By June, inventory had dropped to 1.69.
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