Special offer

How many homes are for sale in Gilbert, AZ - July 2015

By
Real Estate Broker/Owner with Zion Realty

Absorption Rate in Gilbert, Arizona July 2015

 
Real estate market data for Gilbert, AZ provided by Nicole Doty of  Zion Realty.

 

What is the Absorption Rate when it comes to real estate? The Absorption Rate chart shows how long the current inventory of properties would last at the current rate of sales. If no new properties were added to the market, and sales continued at a steady pace, the Absorption rate indicates the number of months required to sell all the properties on the market. In a healthy real estate market this number should hover around a 3-Month average. As you can see the Gilbert, Arizona real estate market has been just below that mark since December 2014 meaning total inventory has been slightly lower than the market can handle. 

The busy Spring and Summer real estate market is winding down now. The kids are back to school, the Fall sports seasons are gearing up, and a reprieve from triple digit temperatures is right around the corner. Many buyers that had been interested in purchasing homes get distracted by all the Fall and Winter activities and home buying takes a backseat in priority. I do predict that the currently level of available homes on the market will continue to decrease slightly over the next few months. The Gilbert. Arizona market is still seeing a high level of competition in the first time home buyer market. Homes in that price range are being bought up the quickest and some are receiving multiple offers within the first week of being listed for sale. But armed with a little knowledge and a hard-working real estate agent from Zion Realty snapping up that perfect home before another buyer gets to it should be a little less stressful! However, if you're in the market to sell your home, now is a great time as there will be less competition going in to the Fall and Winter months.  

 

Find Homes for Sale in Gilbert AZ

 

If you need more information on homes for sale in Arizona or to find out what your current home is worth contact us through our website at ZionRealtyAZ.com.  

Comments (7)

Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Looks like I need to get some more listings!  I will take a buyer or two as well, haha.  I hope you have a great day my friend!

Aug 31, 2015 12:48 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Nicole, what a tight market. You are right, a buyer in your market needs professional assistance! Enjoy your day!

Aug 31, 2015 01:42 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nicole - that is an interesting comment about the market slowing down now.  How much northern out of state activity do you start getting now.

Aug 31, 2015 07:18 AM
Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Very nice Nicole Doty - Gilbert Real Estate Expert ....I bet you get a lot of calls from these!

Have a great week!

Aug 31, 2015 09:11 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Nicole. Nice job with your report, you know it very well. It would be a wise move for anyone considering selling to contact you for representation.

Aug 31, 2015 07:38 PM
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

I'm not expecting the inventory to increase by much the rest of this year. We're not too low that it's creating bidding wars so the market is still stable and steady.

Sep 01, 2015 08:26 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Nicole.  An absorption rate under 3 months is a great sign for sellers.  Though, it can make working this type of market quite difficult for everyone else.

Sep 01, 2015 09:56 PM