This week the median list price for Gilbert, AZ is $669,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has increased to 639.
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.
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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