Feb 20, 2023
This week the median list price for Gilbert, AZ is $595,000 with the market action index hovering around 42. This is an increase over last month's market action index of 39. Inventory has decreased to 448.
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Median rent remains strong at $2500.00!
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
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