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.
Full time Realtor serving Phoenix, AZ specializing in the East Valley cities of Gilbert, Tempe, Queen Creek, Chandler, Maricopa and Phoenix
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This is good news. Keep it coming. Our market here in Florida has really picked up here lately also.
Good to hear- hopefully things will get better for everyone