The minimum sales price in Gilbert (ie: the single lowest price home sold, green bars) has been sporadic over the last 5 years, with the trend showing slightly positive but with the single lowest price recorded last year, in 2017.
That being said, the median sales price (blue line) has climbed steadily during the same 5-year time span, with each year being higher than the last.
Anything can happen when you're looking at one specific event (minimum), but the truth comes out when you're looking at the overall market (median).
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.