Gilbert Market Condtions

Gilbert has seen a slow down in the housing market and sales prices decline over the last several months. There has been stiff competition from builders which is hurting the resale market. Builders are offering large incentives which is putting price pressure on the resale market in addition to the increasing inventory levels. Homes prices in Gilbert have depreciated 13% from 2006 to 2007. Gilbert's resale inventory level is continuing to see a slight decrease and is currently at 2,300 active listings in which the average days has also decreased to 115 days. The good news for Gilbert - The median sales price is $265,000, down from $327,000 which is great news for buyer's affordability. There are a lot of opportunites for buyer's out there right now. It's a great time to purchase a home with the large amount of homes to choose from, the incredible builer incentives, and the resale deals to be had. If you are interested in what your home is currently worth or would like information on purchasing, please contact me at 480-355-8645 or ginamckinley@remax.net for a Free Market Analysis or Buyer Information Packet. You may also view my Featured Properties at www.LocateArizonaHomes.com