Last month we saw that prices continued to rise in Gilbert; this month we can see that Gilbert homes are still selling quickly. The median Days on Market for homes sold in April was 37 days, up 12% from last year’s blistering 33 days, and equal to the marketing time from April ‘17.
The trend is following the same seasonal pattern as the last couple of years, although Feb, Mar, and Apr all had a few days more on the market than the same months in 2018.. Is the market cooling off at all? Or was 2018 just a really “hot market” year?
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.