July saw a big increase in the amount of time it was taking to sell a home in Gilbert, Arizona which is the first such increase in two months. On average in the month of July 2016 a home in Gilbert took 60.2 days on the market which is almost a 7 day increase over the previous month's numbers. However, year over year numbers are still steady which shows a stable and healthy market. 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 winding down the busy Summer selling season. Historically during this time of year it will begin to take a little more time to sell a property as the fall and winter season slow down approaches. 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!