The Gilbert, Arizona housing market showed it's first early sign that it may be awakening from the annual Winter slow down that starts in November and usually carries through February. There were 1,073 Active homes for sale on the market in Gilbert in January which is almost a 30 unit increase from December. New listings took the biggest leap forward with 556 New homes being listed for sale in Gilbert in January. That is a 239 unit increase from the previous month. The one number that still showed signs of a lingering Winter lull was the amount of properties that actually sold. There were 296 homes sold in Gilbert in January which was a decrease of 102 units from December of 2015.
What do all these numbers mean for buyers and sellers? This is the time of year when the focus starts to turn towards good weather and clear skies. Families and individuals can tend to be distracted from buying or selling a home because of the many wonderful events and outdoor activities that living in Arizona during the Winter affords. 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 homes 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!