The amount of time it's taking to sell a home in Gilbert, Arizona saw another increase in the month of December. This makes four out of the last five months in which a home is taking longer to sell. On average in the month of December 2015, a home in Gilbert took 71 days on the market before finding a buyer. This number is still better than December of 2014 when it was taking an average of 80 days to sell a home in Gilbert. Going back to July of 2015 when it was only taking 60 days for a home to sell in Gilbert, you can see the seasonal shift during the Winter months as it's now taking almost two additional weeks to sell a home. There are still some homes in price ranges around $200,000 which are selling almost as fast as they are being placed up for sale, and yet some other homes in higher price ranges are taking longer than the average to sell.
Homes for sale in Gilbert started off the year 2015 taking 94.8 days on average before finding a buyer so we have definitely seen a vast improvement in this figure to date. The most competitive price range in Gilbert, Arizona currently is that of the first time home buyer between $200,000 and $250,000. Homes in that price range are being bought up the quickest and some are receiving multiple offers within the first few weeks of being listed for sale.
As we get further entrenched in to the Winter slow down, historically it will begin taking longer to sell a property as there are less buyers during this time of year. We may have ended 2015 on a low note but year-over-year numbers show that we are still in a healthy market. If you're a buyer, you want to see the Days on Market increase because for you that means you have more time to think about a home before needing to make an offer. If you're a seller you want to list your house sooner rather than later before it begins to take more time to sell your home. Armed with a little knowledge and a hard-working real estate agent from Zion Realty buying or selling a home will be a little less stressful!
If you need more information on homes for sale in Arizona or to find out what your current home is worth contact us Today!