Gilbert’s shifting housing market

By Mindy Jones | Gilbert Sun

As the monsoons rev up to chase the afternoon sun, Gilbert homeowners have got their eye on the storm as they watch interest rates fluctuate, inventory rise and rapid appreciation give way to a shifting sellers’ market that is as much fun as watching your neighbor’s trampoline fly over the wall.

Who would have thought that in the year following the global pandemic, we would be reporting some of the most astronomical gains in property values that the state has ever seen?

There definitely have been clear signs that we’d be in a sellers’ market for a bit. And there have been even clearer signs that we’re slowly making our way out of it for months now.

If we take a look at some of the numbers in Gilbert, you might be surprised to find that we actually have more inventory on the market than we did last quarter –but still not quite as much as we had last year or even two years ago.

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