Gilbert

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.

Home prices in Gilbert, Arizona continue to climb even as buyer demand softens, according to local reporting. The combination of rising prices and weakened demand is drawing attention from residents and prospective buyers weighing whether to enter the market or wait for conditions to cool.