Homes for sale in Gilbert, Arizona - April 2016 Market Report

The Gilbert, Arizona housing market in April took a step forward in some respects and leveled off in others. The busy Spring and Summer season is in full swing for sellers but the buyers haven't quite caught up just yet. Let's list and analyze the raw numbers from the chart below first then we'll make sense of what the market is telling us. There were 1,157 Active homes for sale on the market in Gilbert in April. There were only 696 New listings added to the Gilbert market from March to April which is a 23 unit decrease. The one statistic that matters most, however, also showed a slow-down. There were 522 Sold homes in Gilbert in April which was a decrease of 6 total home sales from the previous month. 

What do all these numbers mean for buyers and sellers? April came and went with a mixed bag of statistics. Sellers are showing signs of wanting to list their homes on the market but the amount of buyers in the market aren't matching their enthusiasm. Total available homes for sale is at a healthy and stable level but we'll have to wait and see when buyers decide to make a major leap in to home-ownership. Gilbert, Arizona is still seeing the most steady 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!