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Chandler AZ Real Estate Housing Market Report - July 2023

8/15/2023

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Chandler AZ Real Estate Housing Market Report - July 2023

The average sales price of Chandler homes increased quite a bit this month after decreasing last month, going from $608,524 in June to $632,009 in July. Prices are still up overall since January of this year, but not quite as the all-time high we saw in May of 2022.

After decreasing last month, the average sales price per square foot of Chandler homes increased this month. The average sales price increased from $288/sf in June to $291/sf in July. This price is lower than the price per square foot of Chandler homes in July of 2022, by just $8/sf.
 
The Chandler days on market has decreased for the 5th month in a row, going from 76 DOM in February to 36 DOM in July. The DOM has been reduced by half in just 4 months, and homes in Chandler are selling almost as fast as this time last year.

This is the last month that typically signifies the peak of the housing season, so we should see a slowdown next month.
Chandler AZ homes for sale
After increasing in May, Chandler home sales have decreased the last two months, going from 252 in May to 211 in July. The number of Chandler home sales is now higher than in July of last year by 6.0%. This is the first month home sales have been greater than the same month last year since May of 2021 (over 2 years).

The number of new listings in Chandler decreased for the 3rd straight month after increasing the previous two months, going from 234 in April to 199 in July. With this decrease, new listings are down -52.7% from July of last year. This is the lowest number of new listings in July since before 2018.

After increasing for eight straight months, more than doubling from 313 in January to 773 in September of 2022, active listings in Chandler have now decreased 10 months in a row and are down to 284 for July. With this decrease, active listings are now lower than the same month last year for the 4th month in a row. With this latest decrease, active listings in Chandler are less than last year's July listings by -59.9%.

The decline in the number of listings in Chandler over the last 10 months is another sign that the housing market is slowing. Fewer homeowners are putting their homes on the market partially because they are locked in at an interest rate lower than 3.5% and don't want to have to buy a home when interest rates are now around 7.0%.
 

Home prices have been slowly increasing throughout this year, and inflation and higher mortgage rates have slowed buyer demand. Median home values in Chandler have decreased an average of -7.4% since July of 2022. This is the 7th year-over-year decrease in a row after seeing nothing but increasing home prices from January 2019 through December 2022.

Mortgage interest rates have been holding steady the last few weeks right around 7.0%, and some experts say inflation is slowing. With declining inventory and greater demand, it looks like we are still in a sellers' housing market in Chandler. It should remain that way as we get through the summer and enter the fall.
​
​>>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 | [email protected]

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 - June 2023

7/18/2023

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Chandler AZ Real Estate Housing Market Report - June 2023

The average sales price of Chandler homes decreased quite a bit this month after increasing the last two months, going from $648,132 in May to $608,524 in June. Prices are still up overall since January of this year.

After increasing for two months in a row, the average sales price per square foot of Chandler homes decreased this month. The average sales price decreased from $293/sf in May to $288/sf in June. This price is lower than the price per square foot of Chandler homes in June of 2022, by $23/sf.
 
The days on market has decreased for the fourth month in a row, going from 76 DOM in February to 37 DOM for June. The DOM has been reduced by half in just 4 months, and homes in Chandler are selling almost as fast as this time last year.

This is the time of year that typically signifies the peak of the housing season.
Chandler AZ homes for sale
After increasing last month, Chandler home sales decreased in June, going from 252 in May to 226 this month. The number of Chandler home sales is still lower than in June of last year by -14.4%. Even with the increase, this is the lowest home sales have been in June since before 2018.

The number of new listings in Chandler decreased for the second straight month after increasing the previous two months, going from 234 in April to 199 in June. With this decrease, new listings are down -52.6% from June of last year. This is the lowest number of new listings in June since before 2018.

After increasing for eight straight months, more than doubling from 313 in January to 773 in September of 2022, active listings in Chandler have now decreased 9 months in a row and are down to 306 for June. With this decrease, active listings are now lower than the same month last year for the third month in a row. With this latest decrease, active listings in Chandler are less than last year's June listings by -43.6%.

The decline in the number of listings in Chandler over the last 9 months is another sign that the housing market is slowing. Fewer homeowners are putting their homes on the market partially because they are locked in at an interest rate lower than 3.5% and don't want to have to buy a home when interest rates are now around 7.0%.
 

Home prices have been slowly increasing throughout this year, and inflation and higher mortgage rates have slowed buyer demand. Median home values in Chandler have decreased an average of -5.6% since June of 2022. This is the 6th year-over-year decrease in a row after seeing nothing but increasing home prices from January 2019 through December 2022.

Mortgage interest rates have been holding steady the last few weeks right around 6.7%, and 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 enter the summer.
​
​>>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 | [email protected]

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 - May 2023

6/15/2023

0 Comments

 

Chandler AZ Real Estate Housing Market Report - May 2023

The average sales price of Chandler homes increased for the second straight month, after decreasing in March, going from $599,307 in March to $648,212 this month. Prices have been inching up since January of this year.

After remaining the same in February and March, the average sales price per square foot of Chandler homes has also increased for the second straight month. The average sales price increased from $278/sf in March to $293/sf in May. This price is lower than the price per square foot of Chandler homes in May of 2022, by $22/sf.
 
The days on market has decreased for the third month in a row, going from 76 DOM in February to 58 DOM for May. Homes in Chandler are still selling, but they have certainly slowed down over the last year.

This is the time of season where the housing market starts to pick up throughout the spring.
Chandler AZ homes for sale | Troy Erickson Realtor
After decreasing last month, Chandler home sales increased in May, going from 204 in April to 252 this month. The number of Chandler home sales is still lower than in May of last year by -18.4%. Even with the increase, this is the lowest home sales have been in May since before 2018.

The number of new listings in Chandler decreased after increasing the previous two months, going from 234 in April to 206 this month. With this decrease, new listings are down -52.6% from May of last year. This is the lowest number of new listings in May since before 2018.

After increasing for eight straight months, more than doubling from 313 in January to 773 in September of 2022, active listings in Chandler have now decreased 8 months in a row and are down to 345 for May. With this decrease, active listings are now lower than the same month last year for the second month in a row. With this latest decrease, active listings in Chandler are less than last year's May listings by -20.3%.

The decline in the number of listings in Chandler over the last 8 months is another sign that the housing market is slowing. Fewer homeowners are putting their homes on the market partially because they are locked in at an interest rate lower than 3.5% and don't want to have to buy a home when interest rates are now around 6.0%.
 

Home prices have been slowly increasing throughout this year, and inflation and higher mortgage rates have slowed buyer demand. Median home values in Chandler have decreased an average of -9.3% since May of 2022. This is the 5th year-over-year decrease in a row after seeing nothing but increasing home prices from January 2019 through December 2022.

Mortgage interest rates have been holding steady the last few weeks right around 6.0%, and 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 enjoy 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 - May 2023
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 | [email protected]

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 - April 2023

5/16/2023

0 Comments

 

Chandler AZ Real Estate Housing Market Report - April 2023

The average sales price of Chandler homes increased in April, after decreasing in March, going from $599,307 in March to $625,978 this month. Prices have fluctuated up and down every month since November of 2022, with a slight increasing trend.

After remaining the same in February and March, the average sales price per square foot of Chandler homes increased in April. The average sales price increased from $278/sf in March to $283/sf in April. This price is lower than the price per square foot of Chandler homes in April of 2022, by $26/sf.
 
The days on market has decreased for the second month in a row, going from 76 DOM in February to 63 DOM for April. Homes in Chandler are still selling, but they have certainly slowed down over the last 11 months.

This is the time of season where the housing market starts to pick up throughout the spring.
Chandler AZ homes for sale | Troy Erickson Realtor
After increasing the last 2 months, Chandler home sales decreased in April, going from 239 in March to 204 this month. The number of Chandler home sales is still lower than in April of last year by -34.6%. It is not typical for home sales to decrease this time of year, and they are the lowest home sales have been in April since before 2018.

The number of new listings in Chandler increased for the second straight month, going from 195 in February to 232 this month. With this increase, new listings are still down -41.3% from April of last year. This is the lowest number of new listings in April since before 2018.

After increasing for eight straight months, more than doubling from 313 in January to 773 in September of 2022, active listings in Chandler have now decreased 7 months in a row and are down to 354 for April. With this decrease, active listings are now lower than the same month last year for the first time in 13 months. With this latest decrease, active listings in Chandler are less than last year's April listings by -3.3%.

The decline in the number of listings in Chandler over the last 7 months is another sign that the housing market is slowing. Fewer homeowners are putting their homes on the market partially because they are locked in at an interest rate lower than 3.5% and don't want to have to buy a home when interest rates are now around 6.5%.
 

Home prices have been holding steady the last 7 months, and inflation and higher mortgage rates have slowed buyer demand. Median home values in Chandler have decreased an average of -6.6% since April of 2022. This is the 4th year-over-year decrease in a row after seeing nothing but increasing home prices from January 2019 through December 2022.

Mortgage interest rates have been holding steady the last few weeks right around 6.35%, and 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 enjoy 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.
Picture
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 | [email protected]

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 - March 2023

4/15/2023

0 Comments

 

Chandler AZ Real Estate Housing Market Report - March 2023

The average sales price of Chandler homes decreased in March, after increasing in February, going from $607,490 in February to $599,307 this month. This is the first March that sales prices in Chandler have decreased since March of 2020 when Covid-19 hit.

After increasing for the first time in 8 months in February, the average sales price per square foot of Chandler homes remained the same in March. The average sales price remained at $278/sf for the second straight month. This price is lower than the price per square foot of Chandler homes in March of 2022, by $28/sf.
 
After increasing last month, the days on market has decreased this month, going from 76 DOM in February to 72 DOM for March. Homes in Chandler are still selling, but they have certainly slowed down over the last 10 months.

This is the time of season where the housing market starts to pick up as spring is here.
Chandler AZ homes for sale
Chandler home sales have increased for the second straight month, going from 152 in January to 239 this month. The number of Chandler home sales is still lower than in March of last year by -27.1%. Although home sales are increasing, which it typical for this time of year, they are the lowest sales in March since before 2018.

After decreasing last month, the number of new listings in Chandler increased in March, going from 195 in February to 210 this month. With this decrease, new listings are now down -44.9% from March of last year. This is the lowest number of new listings in March since before 2018.

After increasing for eight straight months, more than doubling from 313 in January to 773 in September of 2022, active listings in Chandler have now decreased 6 months in a row and are down to 382 for March. Although home inventory is decreasing, this is the 12th 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 17.9%.

The decline in the number of listings in Chandler over the last 6 months is another sign that the housing market is slowing. Fewer homeowners are putting their homes on the market partially because they are locked in at an interest rate lower than 3.5% and don't want to have to buy a home when interest rates are now over 6.0%.
 

Home prices have been holding steady the last 6 months, and inflation and higher mortgage rates have slowed buyer demand. Median home values in Chandler have decreased an average of -9.9% since March of 2022. This is the 3rd year-over-year decrease in a row after seeing nothing but increasing home prices from January 2019 through December 2022.

Mortgage interest rates have been decreasing the last several weeks down to just around 6.2%, and 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 enjoy 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 | [email protected]

Chandler homes for sale
Real estate in Chandler AZ
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
0 Comments

Chandler AZ Real Estate Housing Market Report - February 2023

3/22/2023

0 Comments

 

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 | [email protected]

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 | [email protected]

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 | [email protected]

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 | [email protected]

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 - 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 | [email protected]

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 and East Valley Blog: Troy Erickson Realtor

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     "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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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