Here are the May numbers for Gilbert Real Estate-some positive trends are emerging. There are currently 2350 Active listings, with 217 homes are REO/Bank Owned, and 397 are short sales.

 

The absorption rate is now at about 6 months approaching a balanced market.

Gilbert Real Estate New Listings : 581 Pending Sales: 414 Sold Homes : 379

 

Gilbert Home Sales-Average Sales Price

Prices continue to decline the average sales priced declined 3% from April to May 2008.

 

MORE....

 
This post has been included in Arizona Information Maricopa County, AZ Information

2 Comments on Gilbert Real Estate Market Statistics-May 2008

JUN
04
2008

This is good news. Keep it coming. Our market here in Florida has really picked up here lately also.
11:05am • #1

Good to hear- hopefully things will get better for everyone
12:03pm • #2

Leave a response…

(optional)
What does the graphic say?
 
Rainmaker_large

Jamie Geiger

Gilbert, AZ

More about me…

Thompson's Realty

Office Phone: (480) 216-4849

Cell Phone: (480) 216-4849

Email Me

Phoenix Real Estate Agent serving the East Valley cities of Gilbert, Chandler, Tempe, Queen Creek, Maricopa and Scottsdale. Please visit http://www.JamieGeiger.com or http://www.QueenCreekLiving.com http://www.RealEstateCactus.com http://www.QueenCreekConnect.com/forum


Links

Archives

RSS 2.0 Feed for this blog

Find AZ real estate agents and Gilbert real estate on ActiveRain.