Days on Market in Gilbert, Arizona September 2015
Real estate market data for Gilbert, AZ provided by Nicole Doty of Zion Realty.
It was bound to happen eventually. The amount of time it was taking to sell a home in Gilbert had been steadily declining since March until now. Gilbert saw it's second month in a row increase in the Days on Market statistic. It was a minor increase but an increase none-the-less. Homes in Gilbert, Arizona were taking an average of 61 days to sell in August and in September we saw that number move up to 63 days. This number is still significantly better than September of 2014 when it was taking an average of 78 days to sell a home in Gilbert. There are still some homes in price ranges around $200,000 which are selling almost as fast as they are being placed up for sale, and yet some other homes in higher price ranges are taking longer than the average to sell.
The busy Summer real estate market has ended here in Gilbert. Homes for sale in Gilbert started off the year 2015 taking 94.8 days on average before finding a buyer so we have definitely seen a vast improvement in this figure to date. The most competitive price range in Gilbert, Arizona currently is that of the first time home buyer between $200,000 and $250,000. Homes in that price range are being bought up the quickest and some are receiving multiple offers within the first few weeks of being listed for sale.
As we head in to Fall and Winter, historically it will begin taking longer to sell a property as there are less buyers during that time of year. We may have seen the Days on Market figure hit the bottom for this year but year-over-year numbers show that we are still in a healthier market than 2014. If you're a buyer, you want to see the Days on Market increase because for you that means you have more time to think about a home before needing to make an offer. If you're a seller you want to list your house sooner rather than later before it begins to take more time to sell your home. Armed with a little knowledge and a hard-working real estate agent from Zion Realty buying or selling a home will be a little less stressful!
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.