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Chandler AZ Real Estate Housing Market Report - February 2023

3/22/2023

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Chandler AZ Real Estate Housing Market Report - February 2023

The average sales price of Chandler homes increased in February, after decreasing in January, going from $584,300 in January to $607,490 this month. This is at least the 5th February in a row that sales prices in Chandler have increased.

After decreasing or remaining the same for 8 consecutive months, the average sales price per square foot of Chandler homes increased in February. The average sales price increased from $272/sf last month to $278/sf in February. This price is lower than the price per square foot of Chandler homes in February of 2022, by $13/sf.
 
After decreasing last month, the days on market has increased this month, going from 67 DOM in January to 75 DOM for February. Homes in Chandler are still selling, but they have certainly slowed down over the last 9 months.

This is the time of season where the housing market starts to pick up as spring is right around the corner.
Chandler AZ homes for sale
After decreasing last month, Chandler home sales have increased in February, going from 152 in January to 193 this month. The number of Chandler home sales is still lower than in February of last year by -30.6%. February is typically the beginning of increasing home sales for the new year in Chandler, however, this February is the lowest number of homes sold in February since before 2018.

After increasing last month, the number of new listings in Chandler decreased in February, going from 218 in January to 191 this month. With this decrease, new listings are now down -35.3% from February of last year. This is the lowest number of new listings in February since before 2018.

Demand was high, and supply was low starting in 2020 and lasting through the first half of 2022, but the demand has been slowing down due to higher home prices and interest rates, and therefore fewer homeowners are putting their homes on the market. The days of listing your home and getting multiple offers thousands of dollars over list price are over.

After increasing for eight straight months, more than doubling from 313 in January to 771 in September, active listings in Chandler have now decreased 5 months in a row and are down to 447 in February. Although home inventory is decreasing, this is the 11th month in a row that active listings have been higher than the same month last year. Even with this latest decrease, active listings in Chandler are still greater than last year's February listings by 40.1%.

The decline in the number of listings in Chandler over the last 5 months is another sign that the housing market is slowing, as demand has slowed, and fewer homeowners are putting their homes on the market.
 

Demand is slowing in Chandler. Home prices have been trending lower since June of last year due to inflation and higher mortgage rates, which has slowed buyer demand. Median home values in Chandler have decreased an average of -8.8% since February of 2022. This is the second decrease in a row after seeing nothing but increasing home prices from January 2019 through December 2022.

Mortgage interest rates have risen to just below 7.0%, although some experts say inflation is slowing. It looks like we are approaching a more balanced housing market in Chandler that should remain that way as we head into the spring.
​
>>Click Here To See All Current Chandler Arizona Homes For Sale<<

​For more detailed stats on the 
Chandler Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Chandler real estate housing report
If you’re considering selling your house, let my expertise guide you through the process to ensure a smooth transaction while navigating today's housing market.
​​
If you're thinking of buying a home, connect with me to begin your journey to homeownership.

Whether you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me today so we can put your plans into motion. 
Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Chandler, AZ
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others."

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Chandler homes for sale
Real estate in Chandler, AZ for sale
Homes for sale in Chandler Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Chandler real estate
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Chandler AZ Real Estate Housing Market Report - January 2023

2/14/2023

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Chandler AZ Real Estate Housing Market Report - January 2023

The average sales price of Chandler homes slightly decreased to start 2023, after increasing in December, going from $590,913 in December to $585,004 in January. This is the second January in a row that sales prices in Chandler have decreased to begin a new year.

After decreasing for 7 consecutive months, the average sales price per square foot of Chandler homes remained exactly the same in January as it was in December. The average sales price remained at $272/sf. This price is lower than the price per square foot of Chandler homes last year, in January of 2022, by $6/sf.
 
After increasing for 7 straight months, the days on market has now decreased to begin 2023, going from 69 DOM in December to 66 DOM for January. Homes in Chandler are still selling, but they have certainly slowed down over the last 8 months, and as we begin the new year.

This is the slowest time of season for the housing market, but the home value increases from 2020 through the first half of 2022, plus the increased inventory of homes for sale and the increase in mortgage interest rates have also contributed to the slowdown in the Chandler housing market.
Chandler AZ homes for sale
After increasing last month, Chandler home sales have decreased to begin 2023, going from 194 in December to 150 this month. The number of Chandler home sales is still lower than in January of last year by -30.6%. January is typically the slowest for home sales in Chandler. This is the lowest number of homes sold in January since before 2018.

After decreasing the last 5 months, the number of new listings in Chandler increased in January, going from 136 in December to 218 in January. With this increase new listings are now down -24.3% from January of last year. Even with this increase, this is the lowest number of new listings in January since before 2018.

Demand was high, and supply was low starting in 2020 and lasting through the first half of 2022, but the demand has been slowing down due to higher home prices and interest rates, and therefore fewer homeowners are putting their homes on the market. The days of listing your home and getting multiple offers thousands of dollars over list price are over.

After increasing for eight straight months, more than doubling from 313 in January to 771 in September, active listings in Chandler have now decreased 4 months in a row and are down to 522 to start off the new year in January. Although home inventory is decreasing, this is the 10th month in a row that active listings have been higher than the same month last year. Even with this latest decrease, active listings in Chandler are still greater than last year's January listings by 66.8%.

The decline in the number of listings in Chandler over the last 4 months is another sign that the housing market is slowing, as demand has slowed, and fewer homeowners are putting their homes on the market.
 

Demand is slowing in Chandler. Home prices have been declining since June of this year due to inflation, higher mortgage rates, and an increase of inventory, which has slowed buyer demand. Median home values in Chandler have decreased an average of -1.9% since January of 2022. This is the first decrease in year-over-year home values in 4 years, since January of 2019.

Mortgage interest rates have been fairly stable sitting just below 6.5%, and some experts say inflation is slowing. It looks like we are approaching a more balanced housing market in Chandler that should remain as we head into the new year.
​
>>Click Here To See All Current Chandler Arizona Homes For Sale<<
​
​For more detailed stats on the 
Chandler Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Chandler real estate housing report
If you’re considering selling your house, let my expertise guide you through the process to ensure a smooth transaction while navigating today's housing market.
​​
If you're thinking of buying a home, connect with me to begin your journey to homeownership.

Whether you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me today so we can put your plans into motion. 
Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Chandler, AZ
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Chandler homes for sale
Real estate in Chandler AZ
Homes for sale in Chandler

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Homes for sale in Chandler Arizona
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Chandler AZ Real Estate Housing Market Report - December 2022

1/6/2023

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Chandler AZ Real Estate Housing Market Report - December 2022

The average sales price of Chandler homes slightly increased to end 2022 after decreasing the previous two months, going from $584,576 in November to $588,327 in December. This is the fourth December in a row that sales prices in Chandler have increased, but I do not see this as a sign that the market is improving.

After increasing or remaining the same for 24 consecutive months, the average sales price per square foot of Chandler homes has now decreased for the seventh straight month. The average sales price has dropped from $315/sf in May to $272/sf in December. This is now a lower price per square foot of Chandler homes than it was a year ago in December of 2021.
 
The days on market has now also increased for the seventh straight month, going from an all-time low of 20 DOM in May to 70 DOM for December, more than tripling in seven months. Homes in Chandler are still selling, but they have certainly slowed down as we enter into the new year.

This is the slowest time of season for the housing market, but the home value increases from 2020 through the first half of 2022, plus the increased inventory of homes for sale and the increase in mortgage interest rates have also contributed to the slowdown in the Chandler housing market.
Chandler AZ homes for sale | Troy Erickson Realtor
After decreasing last month, Chandler home sales have increased to end 2022, going from 143 in November to 193 this month. The number of Chandler home sales is still lower than in December of last year by -40.8%. As we enter the winter season, home sales in Chandler typically tend to decrease, but December has seen an increase in home sales in 4 out of the last 5 years. Even with the higher home sales this month, homes sales are almost half of what they were in December of 2021, and significantly less than they have been over the last four years.

After increasing slightly in July, the number of new listings in Chandler has now decreased five months in a row, going from 421 in July to 133 in December. With this decrease new listings are now down -38.7% from December of last year. Demand was high and supply was low starting in 2020 and lasting through the first half of 2022, but the demand is slowing down due to higher home prices and interest rates, and therefore fewer homeowners are putting their homes on the market. The days of listing your home and getting multiple offers thousands of dollars over list price are over.

After increasing for eight straight months, more than doubling from 313 in January to 771 in September, active listings in Chandler have now decreased three months in a row and are down to 555 in December. Although home inventory is decreasing, this is the nineth month in a row that active listings have been higher than the same month last year. Even with this latest decrease, active listings in Chandler are still greater than last year's December listings by 62.8%.

The decline in the number of listings in Chandler over the last three months is another sign that the housing market is slowing, as demand has slowed, and fewer homeowners are putting their homes on the market.
 

Demand is slowing in Chandler, even though we saw an average price increase this month, as well as an increase in sales. Home prices have been declining since June of this year due to inflation, higher mortgage rates, and an increase of inventory, which has slowed buyer demand. Median home values in Chandler have increased an average of just 0.6% since December of 2021, but just a few months ago we were seeing increases year-over-year of 25.0% or higher.

Mortgage interest rates have been fairly stable sitting just below 6.5%, and some experts say inflation is slowing. It looks like we are approaching a more balanced housing market in Chandler that should remain as we head into the new year.
​
>>Click Here To See All Current Chandler Arizona Homes For Sale<<

​For more detailed stats on the Chandler Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Chandler real estate housing report - December 2022
If you’re considering selling your house, let my expertise guide you through the process to ensure a smooth transaction while navigating today's housing market.
​​
If you're thinking of buying a home, connect with me to begin your journey to homeownership.

Whether you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me today so we can put your plans into motion. 
Being a trusted real estate professional, I can answer your questions and help you determine your next steps.

Homes for sale in Chandler, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Chandler Arizona homes for sale
Real estate in Chandler, AZ for sale
Homes for sale in Chandler Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Chandler real estate | Troy Erickson Realtor | HomeSmart
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Chandler AZ Real Estate Housing Market Report - November 2022

12/7/2022

0 Comments

 

Chandler AZ Real Estate Housing Market Report - November 2022

The average sales price of Chandler homes has decreased two months in a row, from $663,563 in September to $583,925 in November. This is a sign that the market is slowing in Chandler as we head into the winter months.

After increasing or remaining the same for 24 consecutive months, the average sales price per square foot of Chandler homes has now decreased for the sixth straight month. The average sales price has dropped from $315/sf in May to $276/sf in November. This is the exact same price per square foot of homes in Chandler as it was in November of 2021.
 
The days on market has now also increased for the sixth straight month, going from 20 DOM in May to 63 DOM for November, more than tripling in six months. Homes in Chandler are still selling, but they have certainly slowed down as we enter into the slower housing season.
Chandler AZ homes for sale | Troy Erickson Realtor
After increasing for two straight months, Chandler home sales have decreased for two straight months, going from 239 in September down to 144 this month. The number of Chandler home sales is lower than in November of last year by -57.4%. As we enter the winter season, home sales in Chandler typically tend to decrease, but with higher home prices and interest rates, and more homes on the market, homes sales this November are less than half of what they were last November, and significantly less than they have been over the last four years.

After increasing slightly in July, the number of new listings in Chandler has now decreased four months in a row, going from 421 in July to 171 in November. With this decrease new listings are now down -36.4% from November of last year. After seeing a shortage of homes for sale over the last two and a half years, the demand is slowing down and fewer homeowners are putting their homes on the market.

After increasing for eight straight months, going from 313 in January to 768 in September, active listings in Chandler have now decreased two months in a row and are down to 692 for November. This is the eighth month in a row that active listings have been higher than the same month last year. Active listings in Chandler are now greater than last year's November listings by 64.4%. The decline in the number of listings in Chandler over the last two months is another sign that the housing market is slowing, as homes are taking longer to sell, and fewer homeowners are putting their homes on the market. Active listings are still higher than they have been since July of 2019.
 

Listings are catching up to demand in Chandler, as sales are decreasing. Home price increases are also slowing due to inflation and lower demand. Median home values in Chandler have increased an average of 7.4% since November of 2021, but just a few months ago we were seeing increases year-over-year of 25.0% or higher. Mortgage interest rates have recently decreased to just over 6.5%, while the COVID pandemic and war between Russia and the Ukraine has caused inflation to really jump in the U.S. It looks like we are approaching a more balanced housing market in Chandler that should remain throughout the rest of 2022.
​
>>Click Here To See All Current Chandler Arizona Homes For Sale<<

​For more detailed stats on the 
Chandler Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Chandler real estate housing report - November 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Chandler, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Chandler homes for sale
Real estate in Chandler, AZ for sale
Homes for sale in Chandler Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Chandler real estate | Troy Erickson Realtor | HomeSmart
0 Comments

Chandler AZ Real Estate Housing Market Report - October 2022

11/15/2022

0 Comments

 

Chandler AZ Real Estate Housing Market Report - October 2022

After increasing last month, the average sales price of Chandler homes has decreased from $663,563 in September to $602,128 in October. This is another sign that the market is slowing in Chandler as we head into the winter months.

After increasing or remaining the same for 24 consecutive months, the average sales price per square foot of Chandler homes has now decreased for the fifth straight month. The average sales price has dropped from $315/sf in May to $279/sf in October. This is a $10/sf increase from the $268/sf in October of 2021.
 
The days on market has now also increased for the fifth straight month, going from 20 DOM in May to 55 DOM for October, almost tripling in five months. Homes in Chandler are still selling, but they have certainly slowed down as we enter into the slower housing season.
Chandler AZ homes for sale | Troy Erickson Realtor
After increasing for two straight months, Chandler home sales have decreased in October, going from 239 in September down to 200 this month. The number of Chandler home sales is lower than in October of last year by -44.3%. As we enter the winter season, home sales in Chandler typically tend to decrease, but with higher home prices and interest rates, and more homes on the market, homes sales this October are almost half of what they were last October, and significantly less than they have been over the last four years.

After increasing slightly in July, the number of new listings in Chandler has now decreased three months in a row, going from 421 in July to 238 in October. With this decrease new listings are now down -40.9% from October of last year. After seeing a shortage of homes for sale over the last two and a half years, the demand is slowing down and fewer homeowners are putting their homes on the market.

After increasing for eight straight months, going from 313 in January to 768 in September, active listings in Chandler decreased down to 747 in October. This is the seventh month in a row that active listings have been higher than the same month last year. Active listings in Chandler are now greater than last year's October listings by 55.9%. The overall rise in the number of listings in Chandler is a sign that the housing market is slowing down. Active listings are now higher than they have been since June of 2019.
 

Listings are catching up to demand in Chandler, as sales decrease and inventory is increasing. This is also slowing down home price increases. Median home values in Chandler have only increased an average of 3.9% since October of 2021, but just a few months ago we were seeing increases year-over-year of 25.0% or higher. Mortgage interest rates have recently increased to over 7.0%, while the COVID pandemic and war between Russia and the Ukraine has caused inflation to really jump in the U.S. It looks like we are approaching a more balanced housing market in Chandler that should remain throughout the rest of 2022.
​
>>Click Here To See All Current Chandler Arizona Homes For Sale<<

​For more detailed stats on the 
Chandler Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Chandler real estate housing report - October 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Chandler, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Chandler homes for sale
Real estate in Chandler, AZ for sale
Homes for sale in Chandler Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Chandler real estate | Troy Erickson Realtor | HomeSmart
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Chandler AZ Real Estate Housing Market Report - September 2022

10/13/2022

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Chandler AZ Real Estate Housing Market Report - September 2022

After decreasing for three straight months the average sales price of Chandler homes has increased from $627,934 in August to $663,563 in September. This is a good sign as we head into the fall, as home prices have decreased in September of the previous three years.

After increasing or remaining the same for 24 consecutive months, the average sales price per square foot of Chandler homes has now decreased for the fourth straight month. The average sales price has dropped from $315/sf in May to $292/sf in September. This is still a $24/sf increase from the $268/sf in September of 2021.
 
The days on market has now increased for the fourth straight month, going from 20 DOM in May to 49 DOM for September, more than doubling in four months. The DOM had remained at or below 31 since February of 2021. Homes in Chandler are still selling fast, but they have certainly slowed down as we enter the slower housing season this fall.
Chandler AZ homes for sale | Troy Erickson Realtor
After decreasing for four straight months, Chandler home sales have now increased for the second straight month, going from 199 in July to 239 in September. The number of Chandler home sales is lower than in September of last year by -36.9%. As we enter the fall season, home sales in Chandler typically tend to decrease (prior to the pandemic year of 2020), so this is somewhat of a surprise.

After increasing slightly in July, the number of new listings in Chandler has now decreased two months in a row, going from 421 in July to 295 in September. With this decrease new listings are now down -27.0% from September of last year. After seeing a shortage of homes for sale over the last two and a half years, the demand is slowing down and fewer homeowners are putting their homes on the market.

After increasing for seven straight months, going from 313 in January to 765 in August, active listings in Chandler decreased ever-so-slightly down to 764 in September. This is the sixth month in a row that active listings have been higher than the same month last year. Active listings in Chandler are now greater than last year's September listings by 64.7%. The overall rise in the number of listings in Chandler is a sign that the housing market is slowing down. Active listings are now higher than they have been since July of 2019.
 

Listings are catching up to demand in Chandler, as sales decrease and inventory is increasing. This is also slowing down home price increases. Median home values in Chandler have still increased an average of 14.3% since September of 2021, but just a few months ago we were seeing increases year-over-year of 25.0% or higher. Mortgage interest rates have recently increased to well over 6.3%, while the war between Russia and the Ukraine has caused inflation to really jump in the U.S. It looks like we are approaching a more balanced housing market in Chandler that should remain throughout the rest of 2022.
​
>>Click Here To See All Current Chandler Arizona Homes For Sale<<
​
​For more detailed stats on the Chandler Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Chandler real estate housing report - September 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Chandler, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Chandler homes for sale
Real estate in Chandler, AZ for sale
Homes for sale in Chandler Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Chandler real estate | Troy Erickson Realtor | HomeSmart
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Chandler AZ Real Estate Housing Market Report - August 2022

9/10/2022

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Chandler AZ Real Estate Housing Market Report - August 2022

The average sales price of Chandler homes has now decreased for the third straight month. After increasing to an all-time high of $704,532 in May, the average sales price of Chandler homes has decreased to $627,671 in August.

After increasing or remaining the same for 24 consecutive months, the average sales price per square foot of Chandler homes has also decreased for the third straight month. The average sales price has dropped from $315/sf in May to $295/sf in August. This is still a $32/sf increase from the $263/sf in August of 2021.
 
The days on market has now also increased for the third straight month, going from 20 DOM in May to 37 DOM for August. The DOM had remained at or below 31 since February of 2021. Homes in Chandler are still selling fast, but they have certainly slowed down as we enter the slower housing season in the fall.
Chandler AZ homes for sale | Troy Erickson Realtor
After decreasing for four straight months, Chandler home sales increased in August, going from 199 in July to 215 this month. The number of Chandler home sales is lower than in August of last year by -38.9%. As we enter the fall season, home sales in Chandler are usually increasing this time of year, so this is no surprise.

After increasing slightly last month, the number of new listings in Chandler decreased, going from 421 last month to 340 in August. With this decrease new listings are now down -18.7% from August of last year. After seeing a shortage of homes for sale over the last two and a half years, the demand is slowing down.

After decreasing for three straight months, the number of active Chandler listings have now increased for the seventh straight month, going from 313 in January to 763 in August. This is the fifth month in a row that active listings have been higher than last year. Active listings in Chandler are now greater than last year's August listings by a whopping 74.6%. The last six months have seen a rise in the number of listings in Chandler, which is also a sign that the housing market is slowing down. Active listings are now higher than they were prior to the Covid-19 pandemic in August of 2019.
 

Listings are catching up to demand in Chandler, as sales decrease and inventory is increasing. This is also slowing down home price increases. Median home values in Chandler have still increased an average of 9.0% since August of 2021, but just a few months ago we were seeing increases year-over-year of 25.0% or higher. Mortgage interest rates have recently decreased to around 5.5%, while the war between Russia and the Ukraine has caused inflation to really jump in the U.S. It looks like we are approaching a more balanced housing market in Chandler that should remain throughout the rest of 2022.
​
>>Click Here To See All Current Chandler Arizona Homes For Sale<<

​For more detailed stats on the 
Chandler Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Chandler real estate housing report - August 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Chandler, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Chandler homes for sale
Real estate in Chandler, AZ for sale
Homes for sale in Chandler Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Chandler real estate | Troy Erickson Realtor | HomeSmart
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Chandler AZ Real Estate Housing Market Report - July 2022

8/10/2022

0 Comments

 

Chandler AZ Real Estate Housing Market Report - July 2022

The average sales price of Chandler homes has now decreased for the second straight month. After increasing to an all-time high of $704,532 in May, the average sales price of Chandler homes has decreased to $634,896 in July.

After increasing or remaining the same for 24 consecutive months, the average sales price per square foot of Chandler homes has decreased for the second straight month. The average sales price has dropped from $315/sf in May to $299/sf in July. This is still a $36/sf increase from the $263/sf in July of 2021.
 
The days on market has now increased for the second straight month, going from 20 DOM in May to 31 DOM for July. The DOM has remained at or below 31 since February of 2021, which means that homes in Chandler are selling faster than they ever have, although there seems to be a shift happening in the housing market.
Chandler AZ homes for sale | Troy Erickson Realtor
After increasing for two straight months, Chandler home sales have now decreased for four straight months, going from 328 in March to 200 in July. The number of Chandler home sales is lower than in July of last year by -41.7%. Home sales in Chandler are usually increasing this time of year, so the decrease in home sales over the last four months could be a sign that the housing market is shifting.

After increasing for five straight months, the number of new listings in Chandler saw its second straight decrease, going from 435 in May to 419 for July. With this decrease new listings are now down -9.1% from July of last year. There is still a lack of homes for sale compared to the demand because people are staying in their homes longer, and there have not been enough new homes built to satisfy the number of buyers.

After decreasing for three straight months, the number of active Chandler listings have now increased for the sixth straight month, going from 313 in January to 700 in July. This is the fourth month in a row that active listings have been higher than last year. Active listings in Chandler are now greater than last year's July listings by a whopping 78.1%. The last six months have seen a rise in the number of listings in Chandler, which is also a sign that the housing market may be slowing down. Active listings are nearing the numbers they were at prior to the Covid-19 pandemic.
 

There is still a lack of listings in Chandler, but sales have decreased which is increasing the inventory and slowing down home prices. Median home values in Chandler have increased an average of 16.8% since July of 2021, which is starting to decline. Mortgage interest rates have recently decreased to around 5.5%, while the war between Russia and the Ukraine has caused inflation to really jump in the U.S. However, it looks like there will still more buyers looking to purchase Chandler homes throughout the rest of 2022.
​
>>Click Here To See All Current Chandler Arizona Homes For Sale<<

​For more detailed stats on the 
Chandler Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Chandler real estate housing report - July 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Chandler, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Chandler homes for sale
Real estate in Chandler, AZ for sale
Homes for sale in Chandler Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Homes for sale Chandler | Troy Erickson Realtor | HomeSmart
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Chandler AZ Real Estate Housing Market Report - June 2022

7/14/2022

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Chandler AZ Real Estate Housing Market Report - June 2022

The average sales price of Chandler homes decreased for the first time since January of this year. After increasing to an all-time high of $704,532 in May, the average sales price of Chandler homes decreased to $654,961 in June. This is only the second decrease in the last nine months, since September of 2021.

After increasing or remaining the same for 24 consecutive months, the average sales price per square foot of Chandler homes suffered the first decrease in June. The average sales price dropped from $315/sf in May to $311/sf in June. This is still a $55/sf increase from the $256/sf in June of 2021.
 
The days on market for June increased from 20 DOM in May to 25 DOM. This is the first increase since January of this year. The DOM has remained at or below 31 since February of 2021, which means that homes in Chandler are selling faster than they ever have, although there seems to be a shift happening in the housing market.
Chandler AZ homes for sale | Troy Erickson Realtor
After increasing for two straight months, Chandler home sales have now decreased for three straight months, going from 328 in March to 264 in June. The number of Chandler home sales is lower than in June of last year by -32.1%. Home sales in Chandler are usually increasing this time of year, so the decrease in home sales over the last three months could be a sign that the housing market is shifting.

After increasing for five straight months, the number of new listings in Chandler saw a decrease, going from 435 in May to 419 for June. Even with this decrease new listings are up 7.7% from June of last year. This is the second consecutive time the monthly year-over-year change has been positive. Prior to that, the last time the year-over-year change was positive was back in July of 2021. There is still a lack of homes for sale compared to the demand because people are staying in their homes longer, and there have not been enough new homes built to satisfy the number of buyers.

After decreasing for three straight months, the number of active Chandler listings have now increased for the fifth straight month, going from 313 in January to 560 in June. This is the third month in a row that active listings have been higher than last year. Active listings in Chandler are now greater than last year's June listings by 47.4%. The last three months have seen a rise in the number of listings in Chandler, which is also a sign that the housing market may be slowing down, but they are still way below pre-pandemic numbers.
 

There is still a lack of listings in Chandler, and the low inventory continues to drive housing demand and home prices higher. Median home values in Chandler have increased an average of 17.0% since June of 2021, which is starting to decline. Mortgage interest rates have increased to almost 6.0%, and the war between Russia and the Ukraine has caused inflation to really jump in the U.S., but it looks like there will still more buyers looking to purchase Chandler homes throughout the summer of 2022.
​
>>Click Here To See All Current Chandler Arizona Homes For Sale<<

​For more detailed stats on the 
Chandler Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Chandler real estate housing report - June 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Chandler, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Chandler homes for sale
Real estate in Chandler, AZ for sale
Homes for sale in Chandler Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Troy Erickson Realtor
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Chandler AZ Real Estate Housing Market Report - May 2022

6/7/2022

0 Comments

 

Chandler AZ Real Estate Housing Market Report - May 2022

The average sales price of Chandler homes continues to break records, growing from $583,485 in January to $706,852 in May. This is the seventh increase in the last eight months, since September of 2021, and the largest monthly increase since before 2019.

The average sales price per square foot has increased or remained the same for 24 consecutive months and is now at $315/sf in May. This is a $66/sf increase from the $249/sf in May of 2021.
 
The days on market for May of 2022 decreased to 20 from 23 DOM in April. This ties for the all-time low set in June and August of 2021. The DOM has remained at or below 31 since February of 2021, which means that homes in Chandler are selling faster than they ever have, and most home sellers are receiving multiple offers which continues to drive prices up.
Chandler AZ homes for sale | Troy Erickson Realtor
After increasing for two straight months, Chandler home sales have decreased two straight months, going from 328 in March to 311 in May. The number of Chandler home sales is lower than in May of last year by -15.9%. Home sales in Chandler are usually increasing this time of year, so this could be a sign that the housing market is shifting.

The number of new listings in Chandler saw an increase for the fifth straight month, going from 395 in April to 431 for May. With this increase new listings are up 17.1% from May of last year. This is the first time the monthly year-over-year change has been positive since July of 2021. However, there is still a lack of homes for sale compared to the demand because people are staying in their homes longer, and there have not been enough new homes built to satisfy the number of buyers.

After decreasing for three straight months, the number of active Chandler listings have now increased for the fourth straight month, going from 313 in January to 423 in May of this year. This is the second month in a row that active listings have been higher than last year. Active listings in Chandler are now greater than last year's May listings by 22.6%. The last two months have seen a rise in the number of listings in Chandler, which is also a sign that the housing market may be slowing down, but they are still way below pre-pandemic numbers.
 

There is still a lack of listings in Chandler, and the low inventory continues to drive housing demand and home prices higher. Median home values in Chandler have increased an average of 26.0% since May of 2021, which is almost unbelievable. Mortgage interest rates have increased above 5.0%, and the war between Russia and the Ukraine has caused inflation to really jump in the U.S., but it looks like there will still more buyers looking to purchase Chandler homes throughout the spring and summer of 2022.
​
>>Click Here To See All Current Chandler Arizona Homes For Sale<<
​
​For more detailed stats on the 
Chandler Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Chandler real estate housing report - May 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Chandler, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Chandler homes for sale
Real estate in Chandler, AZ for sale
Homes for sale in Chandler Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
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    Chandler and East Valley Blog: Troy Erickson Realtor

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    Troy Erickson

     "Real Estate is not just a job for me, it's about making a difference in the lives of others."​

    Troy has been blogging about Chandler and East Valley Real Estate in Arizona since 2006.  He stays current on local Chandler real estate by attending educational classes, and talking with title companies, home inspectors, lenders, members of the Chandler community, as well as constantly working with home buyers, home sellers, and investors within the Chandler and East Valley community.

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Chandler Arizona Real Estate Search

Troy and Mia are your Chandler Arizona Real Estate Connection - an experienced team with Diverse Solutions Realty. Troy is a licensed Realtor in the state of Arizona.
See more at: ChandlerRealEstate.weebly.com