{"id":6120,"date":"2013-09-03T12:53:02","date_gmt":"2013-09-03T16:53:02","guid":{"rendered":"http:\/\/www.billdawers.com\/?p=6120"},"modified":"2013-09-03T12:58:27","modified_gmt":"2013-09-03T16:58:27","slug":"a-quick-look-at-savannah-area-home-prices","status":"publish","type":"post","link":"http:\/\/www.billdawers.com\/2013\/09\/03\/a-quick-look-at-savannah-area-home-prices\/","title":{"rendered":"A quick look at Savannah area home prices"},"content":{"rendered":"<div class=\"e26b170012445c56d240655bdd03f7bf\" data-index=\"1\" style=\"float: left; margin: 10px 10px 10px 0;\">\n<script type=\"text\/javascript\"><!--\r\ngoogle_ad_client = \"ca-pub-5595881567027133\";\r\n\/* Medium Rectangle *\/\r\ngoogle_ad_slot = \"8584504377\";\r\ngoogle_ad_width = 300;\r\ngoogle_ad_height = 250;\r\n\/\/-->\r\n<\/script>\r\n<script type=\"text\/javascript\"\r\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\r\n<\/script>\n<\/div>\n<p>My <a href=\"http:\/\/savannahnow.com\/exchange\/2013-09-02\/city-talk-what-happens-next-area-home-prices\" target=\"_blank\">City Talk column today<\/a> is about the slight year-over-year increase in Savannah metro area home prices and the likelihood that we could see prices change relatively little for an extended period of time. <\/p>\n<p>I cite Zillow&#8217;s latest estimates for the Savannah metro area in that column. <\/p>\n<p>I&#8217;ll embed that data here:<\/p>\n<p><center><\/p>\n<div style=\"margin:10px 0;padding:0 3px;overflow:hidden;background:#fff;border:1px solid #acf;width:440px\">\n<h6 style=\"margin:0;padding:5px 0 3px;font-size:13px;line-height:15px;text-align:center;color:#555; font-family:helvetica,arial,sans-serif\">US Zillow Home Value Index<\/h6>\n<p><img decoding=\"async\" src=\"http:\/\/www.zillow.com\/app?service=chart&#038;chartType=geo&#038;mt=34&#038;dt=1&#038;tp=6&#038;r=102001,395070&#038;width=440&#038;height=300\" \/><\/p>\n<div style=\"margin:0;padding:0 0 4px;text-align:center\"><a href=\"http:\/\/www.zillow.com\/homes\/for_sale\/\" style=\"color:#36B;font-size:11px;line-height:13px;font-family:helvetica,arial,sans-serif;\">US real estate info<\/a><\/div>\n<\/div>\n<p><\/center><\/p>\n<p>As you can see, the local estimates are pretty noisy, with some improbably large changes over short periods of time. That&#8217;s probably related to the relatively small amount of data compared to larger areas (for a long time, Zillow did not even give estimates like this for Savannah, and Case-Shiller will likely never give detailed estimates for a metro of our size).<\/p>\n<p>I think the main issue going forward for prices is inventory. In July, the Savannah metro area had over 7 months of inventory; historically, a normal level of inventory is 5 months or so. <\/p>\n<div class=\"e26b170012445c56d240655bdd03f7bf\" data-index=\"2\" style=\"float: none; margin:0px 0 0px 0; text-align:center;\">\n<script async src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:300px;height:250px\"\r\n     data-ad-client=\"ca-pub-5595881567027133\"\r\n     data-ad-slot=\"4374909701\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n\n<!--CusAds0-->\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>My City Talk column today is about the slight year-over-year increase in Savannah metro area home prices and the likelihood that we could see prices change relatively little for an extended period of time. I cite Zillow&#8217;s latest estimates for&hellip;<\/p>\n<p class=\"more-link-p\"><a class=\"more-link\" href=\"http:\/\/www.billdawers.com\/2013\/09\/03\/a-quick-look-at-savannah-area-home-prices\/\">Read more &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":6121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[4],"tags":[9,25],"class_list":["post-6120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics","tag-home-prices","tag-housing"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.billdawers.com\/wp-content\/uploads\/2013\/09\/Screenshot_6.png?fit=208%2C210","jetpack_shortlink":"https:\/\/wp.me\/p1gN9R-1AI","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/posts\/6120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/comments?post=6120"}],"version-history":[{"count":0,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/posts\/6120\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/media\/6121"}],"wp:attachment":[{"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/media?parent=6120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/categories?post=6120"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.billdawers.com\/wp-json\/wp\/v2\/tags?post=6120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}