It's been up and down the past several months in the amount of days it's been taking to sell a home in Gilbert, Arizona. The market saw an increase in this statistic for September after seeing a decrease the previous month. On average in the month of September 2016 a home in Gilbert took 61.5 days on the market before a home sold which is a 7 day increase over the previous month's numbers. Going back a full year the average home in Gilbert sold for just about this same amount of days on the market so we have certainly been in a stable market overall inspite of it's slight ups and downs. There are still some homes in the most highly sought after neighborhoods and locations which are selling almost as fast as they are being placed up for sale, and yet some other homes in the higher price brackets are taking longer than the average to sell.
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.
We are now headed in to the slower Fall and Winter real estate market. Historically during this time of year it takes more time to sell a property as there are less buyers in the market for a new home. 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. The Summer time real estate market will bring more listings and more homes competing against yours for the eyes and dollars of buyers. 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!