The Gilbert Arizona real estate market has taken a hit. But it is not all doom and gloom out there. Gilbert is certainly an interesting market as it grew faster than any other city in the US a few years back.

One thing to look at as far as Gilbert real estate market trends is the price that houses are actually selling for as compared to how much they are listed for. Sold prices in 2009 went up a little in the 2nd quarter but dropped a bit for the 3rd & 4th quarter only to rise again for the 1st quarter in 2010 and drop a tad in the second. It looks to me like we are bouncing off the bottom, which is actually a good sign.

Another important factor in looking at Gilbert real estate market trends is how long it is taking homes to sell. DOM refers to days on market. For sellers, a low DOM is a good thing!

The final way I like to evaluate what is happening in the Gilbert Arizona real estate market is by showing how many homes have sold versus how many are currently listed at any given time.

With prices leveling off and DOM and sales numbers holding steady I think that we have hit the bottom, or at least are bouncing off of it. Plus if you look just beyond the Gilbert real estate stats you'll see that the outlying areas like Queen Creek and Maricopa have seen the tide changing for a while now. Heck, look what is happening right next door in Chandler and Mesa! If you are sitting on the fence about buying a chunk of Gilbert Arizona real estate, you might want to think about getting off of that fence as soon as possible.