Homes for sale in Gilbert, Arizona - November 2015 Market Report

The Gilbert, Arizona housing market is entering it's typical Winter slow down. Housing numbers in November show there was a steep decline in homes being listed for sale as well as a drop in closed transactions. There were 1,111 homes actively listed for sale in November which is almost 200 less than November of 2014.  New homes coming on to the market for sale dropped to 375 which is down a total of 200 units from October. Finally, sold listings also took a loss. There were 286 closed transactions in Gilbert, Arizona for the month of November 2015 which is down 69 total closings from the previous month. 

What do all these numbers mean for buyers and sellers? This is the time of year when the focus starts to turn towards the holidays and veers away from the real estate market. Families and individuals are wrapped up in the busy hustle and bustle of Christmas parties, work festivities, and family visits. Unless a specific reason such as a job relocation or other serious life event forces a move, most homeowners and potential home buyers will find themselves on the sidelines until Spring when the housing market begins to take off again. Gilbert, Arizona is still seeing a healthy level of sales activity for homes priced within $250,000-$300,000 which is now the typical first time home buyer price range. However, that doesn't mean there aren't other home still selling.  

It is becoming increasingly more difficult to find properties below the $200,000 mark in Gilbert but armed with a little knowledge and a hard-working real estate agent from Zion Realty selling your home, or snapping up that perfect property before another buyer gets to it should be a little less stressful. Contact us today!