Savoy Home Values

Closings in Savoy slowed sharply this quarter, with just four sales recorded, the thinnest count in Savoy's recent history and well below the roughly seven-per-quarter pace implied by the trailing annual figure. Price per square foot held firm even as volume thinned, settling near $220 based on MLS data for 2026-07 closings in Savoy, up from $200 across the trailing year. Sellers fared better at the table than the annual average suggests: concessions appeared in just one of the four closed sales, and the typical seller gave back only about three cents on the dollar. With so few transactions to draw on, Fannin County's trend, concessions in roughly three of ten closings, is the more dependable read on negotiating leverage.

The pipeline confirms the slowdown: only one home sat under pending contract in Savoy at last count, down from 23 a year ago, even as active inventory held steady near three dozen listings and new listings kept arriving at a typical pace. That imbalance pushed months of supply above 27, roughly half again beyond Fannin County's own elevated figure near 18 months. With so few contracts moving toward closing, near-term velocity in Savoy shows little sign of picking up.

Despite Savoy's thin transaction volume — with fewer than ten closings in the most recent quarter, MLS data for 2026-06 closings in Savoy carries wide confidence intervals — the available data reveals a consistent premium over Fannin County benchmarks. Price per square foot in Savoy landed roughly five percent above the county median, and the median sale settled nearly $45,000 higher than the broader Fannin baseline. That premium comes with friction: sellers here surrendered more than eleven cents on the dollar at closing, half of all completed transactions included concessions averaging roughly $7,000, and not a single home closed above list. Fannin County sellers, by contrast, gave back less than six cents on average.

The forward-looking pipeline in Savoy remains one of the weakest in Fannin County on a relative basis. New listing activity ticked up modestly over the trailing three months, adding roughly twenty properties, yet only three contracts entered pending status — a pending-to-active ratio that mirrors the county-wide standstill, where accumulated supply now exceeds sixteen months. Months of supply in Savoy sits about three months below the county figure, a marginal distinction given the low transaction counts, but the gap has not translated into faster absorption. Supply continues to build without a discernible uptick in buyer commitment.

With fewer than ten closings in the latest quarter, price signals in Savoy carry wide confidence intervals — but the directional data is striking. Based on MLS data for 2026-05 closings in Savoy, price per square foot settled near $184, a notable step down from the trailing annual figure. Homes that did close spent roughly 100 days on market before finding a buyer, a pace considerably slower than the full-year median. Sellers gave back more than eleven cents on the dollar at closing, and half of all transactions included concessions — the largest share recorded for this geo. Nearly two-thirds of closed sales came in under list.

The pipeline in Savoy points toward continued deceleration. With only three pending contracts against 32 active listings, the pending-to-active ratio signals that demand is not keeping pace with supply. New listing activity over the past three months added 17 properties while pending volume remained near its floor — a widening gap that mirrors the broader Fannin County pattern, where roughly 18 months of supply has accumulated. DOM direction confirms the slowdown: properties are sitting longer before going under contract, with no pipeline signal suggesting a near-term reversal.