Gilbert, Arizona

Home prices in Gilbert, Arizona are climbing even as demand for housing in the area weakens, according to local reporting from East Valley Tribune and Gilbert Sun News. The trend suggests limited inventory is continuing to push prices upward despite fewer buyers competing in the market, adding to debate over affordability in the Phoenix-area suburb.

The Gilbert, Arizona housing market cooled in August, with more homes on the market giving buyers greater choice and easing price pressure. Local reporting points to rising inventory as a sign the once red-hot Phoenix-area suburbs are shifting toward more balanced conditions, a change closely watched by homeowners, buyers and real estate agents in the region.