Across the U.S., home price growth is showing signs of slowing, as high mortgage rates, increasing inventory, and softened demand take center stage. In June, annual home price appreciation declined to just 1.3%—the slowest in two years. Roughly one-third of the nation’s top 100 markets are now experiencing year-over-year price declines of at least 1%.
Nationally, single-family home prices saw a slight 1.6% rise, while condo prices slipped by 1.4%. Inventory has increased 29% compared to last year, though the pace of growth is now tapering off. Mortgage rates continue to hover in the high 6% range, making affordability a persistent challenge for buyers. While more inventory is helping to balance prices, many sellers remain reluctant to list, creating pockets of stagnation in some markets. Regionally, prices are still increasing in the Northeast and Midwest but are cooling in the South and West. Cities such as Cape Coral, Austin, and Tampa are leading in year-over-year price drops.
What’s Happening on Skidaway Island (31411)
Here on Skidaway Island, the local real estate market tells a more nuanced story. As of July 2025, active inventory is gradually increasing, yet demand remains steady for well-priced homes in desirable neighborhoods like The Landings, South Harbor, Modena and Grand Harbor. The median list price for homes in 31411 currently sits around $950,000, a modest rise from this time last year, reflecting the area’s consistent appeal to luxury buyers and retirees seeking a coastal lifestyle.
Homes in The Landings—Skidaway’s premier gated community—continue to command strong interest, especially properties with updated features and proximity to golf, marinas, and club amenities. However, the average days on market has crept upward to 52 days, indicating that buyers are taking a more measured approach amid elevated borrowing costs.
Unlike many southern markets seeing pronounced price drops, Skidaway Island remains resilient. Its limited inventory, high quality of life, and strong community infrastructure continue to insulate it from broader downturns. Sellers who properly price their homes and present them well are still achieving excellent results.
Looking Ahead
As the national housing market enters a phase of recalibration, Skidaway Island remains a standout for lifestyle buyers seeking luxury coastal living. With evolving conditions, buyers and sellers alike benefit from working with local experts who understand the nuances of 31411.
Contact Cristina Callegari, REALTOR and Director of Luxury Sales and Marketing for luxSREE to Learn More
If you’re considering buying or selling in Skidaway Island, let’s talk strategy. Local insight is everything in a shifting market.
Discover more from Skidaway Island Coastal Georgia’s Hidden Gem
Subscribe to get the latest posts sent to your email.
