This week the median list price for Gilbert, AZ is $685,000 with the market action index hovering around 93. This is less than last month’s market action index of 98. Inventory has increased to 268.
The market has started cooling and prices have recently plateaued. 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.
