The Gilbert, Arizona housing market is fully entrenched in it's typical Winter slow down. Housing numbers in December show there was another decline in new homes being listed for sale for the second month in a row as well as a flat-line in total active listings. There were 1,082 homes actively listed for sale in December which is almost 70 less homes than there were available in December of 2014. New homes coming on to the market for sale dropped to 316 which is down a total of 217 units from October. Finally, sold listings had a surprise increase. There were 399 closed transactions in Gilbert, Arizona for the month of December 2015 which is up 112 total closings from the previous month.
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, clear skies, holiday vacations, and a number of other distractions aside from the real estate market. Families and individuals are wrapped up in the busy hustle and bustle of Christmas parties, work festivities, and family visits. 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!