By james art 
The average and average sales prices of homes sold in Gilbert in December fell below the prices of 2023, while total sales last month were well above what was 12 months earlier.
Phoenix Realtors data, the largest association of real estate professionals in the valley, show that the average sale price of last month of $ 570,000 is 3% under December 2023, while the average sale price of $ 674 84 is 3 , 9% lower.
Nevertheless, Gilbert denied the trend in the valley by 18.9% compared to the year of total sales in December 2024.
Phoenix RealTors, which counts 11,000 professionals armed with avant -garde techniques, said sales of single -family homes last month in the valley had declined since the previous December for the third consecutive year.
In the Phoenix subway area, it decreased from .4% for a total of 67 654 for 2024-away from 105 322 dwellings sold in 2020.
“When 2023 ended, we were all quite optimistic that 2024 would be a good year,” says Christie Walker, chairman of the RealTors Phoenix. “On a national scale, improvement is expected in 2025 with a decrease in reduction at the end of last year, we are optimistic for a good year ahead.”
She noted that the valley came in this year with a 3.7-month-old inventory, which “means more choice for buyers”.
The inventory of Gilbert homes is 1,283-10.3% increase over the year, according to Phoenix RealTors.
The new lists of Gilbert’s 233 homes last month fell 20.5% below December 2023, and in anticipation of the sales of 151 homes last month were a decrease of 28.8% compared to the year.
Sellers received 96.7% of their requested price last month – only. .2% below what sellers in December 2023 won.
The Cromford report, a leading analyst on the Valley housing market, said last week that “the supply of the region is higher and is growing faster than a year ago.”
But he noted that the homes under the 2024 contract were about half of what they were in 2023 – 13.3% compared to 23.8% in 2023 over 2022.
“Therefore, we see that demand is increasing, as is normal for the season, but at a significantly more slow rate than in January 2024,” the Cromford report said. “So if supply is growing faster than a year ago, but demand increases more slowly, comparison with 2024 seems to be discouraging to sellers.”
“This situation will lead to a greater difficulty for sellers in the resistance to the demands for negotiation by potential buyers,” the Cromford report warns. “The new competition from other sellers is appearing quickly and the prices request will have to be competitive and attractive, not smug.
“The price, which was originally determined higher than the market can be worn, will lead to a long marketing period and ultimately a deeper prices reduction than if the price was properly determined first.
“This is especially true in low and middle price points. Those with high-end luxury property may have a shorter, but their marketing cycles are always much longer. “
The days in the Gilbert home market, which are sold last month, amount to an average of 82 -nearly 14% longer than a year earlier, said Phoenix RealTors.
Nevertheless, the analysis of the Cromford report from Gilbert’s sales data showed that the city remains a sellers’ market that becomes even stronger.
The Cromford market index analyzes 17 valley subsets and ranks Gilbert as the sixth most favorable for sellers, behind Chandler, Hills Fountain, Paradise Valley, Tempe and Scottsdale in the first to six ranking.
Mortgage rates continue to move at 7% or slightly higher and discourage potential buyers, he said, saying that many homes at more affordable prices “fall out” on the market as a result.
On January 17, Marketwatch stated that on a national scale, “high housing prices and mortgage rates are stabbing the housing market, which makes it difficult for many to afford to buy a home.
“Sales of existing homes are expected to be on the way for the oldest year since 1995; The 30-year mortgage rate is at the highest level for eight months; And the average price of the home increased by nearly 5% compared to last year to $ 406,100, “the announcement said.
Scott Turner, President Trump’s selection to lead the US Department of Housing and Urban Development, told a hearing in the congress earlier this month: “Solving fees, fees for checking, local zoning … These are some of the The things we see as developers and builders who prevent developers from building accessible and workforce housing. “