This Week
The median list price in GILBERT, AZ 85296 this week is $159,900. The 285 properties have been on the market for an average of 139 days.
Inventory has been tightening and days-on-market increasing recently. The Market Action Index has been basically flat, not providing strong indication for market conditions.
Supply and Demand
Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.
We hope you find this short market overview useful. Click here to view single family homes for sale in Gilbert Arizona.
For more information on Arizona homes for sale visit us at www.ArizonaPerspective.com
Cari Gililland
480-390-9247
