The Gilbert, Arizona housing market in August began to show signs of the annual Fall and Winter slow down. The busy Summer season is coming to an end which means the amount of homes for sale and the number of willing and able buyers will both start to decrease. 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 1,037 Active homes for sale on the market in Gilbert in August. There were only 515 New listings added to the Gilbert market from July to August. The one statistic that matters most, however, also showed a slow-down. There were 521 sold homes which was a decrease of 21 total home sales from the previous month.
What do all these numbers mean for buyers and sellers? August came and went with the typical annual expectations once again coming to fruition. Buyers and sellers are both showing signs of decreasing their housing activity. Total available homes for sale is at a healthy and stable level but we'll have to wait and see if buyers decide to reinvigorate their home searches the rest of the year to take a 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!