This week the median list price for Gilbert, AZ is $675,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has increased to 721.
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
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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