list price for Gilbert, AZ is $649,970 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has held steady at or around 811.
The market has started cooling and prices have been flat for several weeks. Since 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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