Gilbert, AZ
Mon Dec 04 2023
This week the median list price for Gilbert, AZ is $654,500 with the market action index hovering around 50. This is less than last month's market action index of 52. Inventory has increased to 342.
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
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