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How many homes are for sale in Gilbert, AZ - July 2016

By
Real Estate Broker/Owner with Zion Realty

Absorption Rate in Gilbert, Arizona July 2016

 
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 below that mark for the better part of a year meaning total inventory has been slightly lower than the market can actually handle. 

The amount of available homes for sale in Gilbert has been on a steady incline since May 2016. The current supply of homes sits at a 2.4 month supply. The Gilbert, Arizona market is still seeing a high level of competition in the first time home buyer market. Homes in the price range of between $200,000 to $250,000 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 during 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 (4)

Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Gilbert, AZ, is experiencing a strong market, that's for sure. With winter not far away, will the number of people looking for a Gilbert home increase?

Aug 29, 2016 01:14 AM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By Real - Alexandria, VA
Alexandria Virginia Homes For Sale

Nicole, it looks like the market in Gilbert AZ is still going strong. With so much competition for first time buyers they really need to hire a local expert and you are the agent to contact. Your market knowledge is priceless. 

Aug 29, 2016 03:37 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 If I were looking for a house in Gilbert Arizona I would definitely be knocking at your door Nicole Doty - Gilbert Real Estate Expert

Aug 29, 2016 08:06 AM
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Interesting to see Nicole, we're trending from about 3 months to 6 months year over year.

Aug 29, 2016 05:01 PM