Of course, the Phoenix AZ Real Estate Market Report is slightly different than the Gilbert area, but most of the data is still applicable for our local housing market. The Gilbert AZ Real Estate Market Report provides a more detailed look at the numbers for our area. Thanks to Beth Cox, Lead Market Analyst for United Brokers Group, I am able to provide you with the following information regarding the Phoenix AZ Real Estate Market Report.
As you can see, Gilbert is currently experiencing a “seller’s market” where inventory levels are very low at just 3.77 months supply. This means that if not one more house were to hit the market for sale, then it would take only 3.77 months for all of the listings to be sold. It is a great time to sell your home in Gilbert and the surrounding areas of Chandler, Queen Creek and beyond, so if you are considering a move, now is the time to jump! Give me a call today for a FREE Market Analysis of your home’s current worth and I would be happy to help you get your home sold!
“January 2016 in Metro Phoenix starts off with a relatively low 3.77 month inventory of homes for sale, and the lowest overall January 1st number of active listings in three years. Days on Market are down 17% from a year ago, so homes are selling faster, and average sold price rose 5.5% overall in 2015. The Fed finally raised the discount rate a smidge last month, but early demand indicators show that buyers are unphased, and perhaps motivated to lock a mortgage before additional projected hikes.
With the holiday season behind us, both buyers and sellers will enter the market at a brisker pace in January, and more so in February. Rental inventory remains low and rental rates have climbed steadily the last two years, making monthly mortgage payments more appealing than rent payments in most cases for qualified buyers. We’ll keep track of presidential candidates’ strategies to support the housing markets, as well as unemployment, inflation, and GDP growth rates to see where home prices may be headed. Home owners should be poised for nice appreciation again in 2016.” Data Source: ARMLS
– Beth Cox, Lead Market Analyst for United Brokers Group
Keely is an experienced, local Realtor serving the areas of Gilbert, Chandler, Queen Creek and the surrounding communities in the East Valley. She would be honored to assist you on your real estate journey and help you to navigate the process of buying and selling AZ Real Estate.
Gilbert AZ Realtor
United Brokers Group