It’s always hard to predict if home sales will increase or decrease in the future but we can definitely see how activity today compares with activity in the past couple years.
The recession hit Gilbert Arizona very hard. No matter where your home is located in Gilbert, tough times hit everyone. Housing prices in Gilbert Arizona seemed to reach their lowest lows by April 2012. From April 2012 until June 2013, home prices steadily increased but came to a screeching halt June 2013. For the past year we have not seen gains in the housing market in Gilbert Arizona but have seen homes up for sale for many months. If homeowners are not upside down and can almost break even, they are willing to sell but if their home doesn’t sell with 90 days many homeowners have decided to rent their homes and hope for future appreciation.
Whether the housing market is booming or moving at a snails pace, the homes in Gilbert Arizona seem to be moving downward. From July 24 ,2012-July 24, 2013 there were 5149 homes that sold in Gilbert. From July 24, 2013-July 24, 2014 there were 4335 homes that sold in Gilbert. The number of homes selling seems to be decreasing instead of increasing.
Typically from April through August each year is the busiest time to buy and sell homes in Gilbert Arizona. In spite of high hopes, sales activity was very slow. The good news for buyers is that this is a good time to buy a home in Gilbert because sellers are getting more desperate to sell and interest rates are down.
Below is a link to homes for sale in Gilbert. The link is updated daily so no matter when you read this post, you will see the latest activity for homes for sale in Gilbert Arizona.