Savannah-Hinesville-Statesboro, GA

There are many factors influencing real estate trends in the housing market, and the Savannah-Hinesville-Statesboro, GA combined statistical area (CSA) is no different. The following will discuss some of the more prominent trends seen in this particular CSA.

One trend that has been occurring is an increase in the number of people relocating to the area from other parts of the country. This is likely due to a combination of factors, including the relatively low cost of living in the CSA compared to other areas of the country and the increasing popularity of coastal Georgia as a retirement destination. This influx of new residents has helped to drive up prices for both rental properties and homes for sale in recent years.

Another trend that has been affecting the CSA housing market is an increase in foreclosures. This is likely due, at least in part, to job losses during the recent recession. As a result, there have been more houses on the market than there have been buyers able to purchase them, leading to lower prices overall. This trend appears to be slowly reversing itself as the economy continues to improve, but it may still take some time for prices to return to pre-recession levels.