Housing Market in Chandler Expected to "Spring Forward" This Year
Just like our clocks this weekend in the majority of the country, but not here in Chandler, Arizona, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the real estate market right now is what is holding the market back.
Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.
Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions, but also here in Arizona.
That hasn’t happened this year.
Demand for housing in Chandler, Arizona has remained strong as mortgage rates have remained near historic lows. Even with the recent increase in rates, buyers are still able to lock in an affordable monthly payment. Many more buyers are jumping off the fence and into the market to secure a lower rate before they increase too high.
The National Association of Realtors (NAR) recently reported that the top 10 dates sellers listed their homes in 2017 all fell in April, May, or June.
Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.
Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.
Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions, but also here in Arizona.
That hasn’t happened this year.
Demand for housing in Chandler, Arizona has remained strong as mortgage rates have remained near historic lows. Even with the recent increase in rates, buyers are still able to lock in an affordable monthly payment. Many more buyers are jumping off the fence and into the market to secure a lower rate before they increase too high.
The National Association of Realtors (NAR) recently reported that the top 10 dates sellers listed their homes in 2017 all fell in April, May, or June.
Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.
Bottom Line
If you are planning on selling your Chandler or East Valley home in 2018, meet with a local real estate professional to evaluate the opportunities in your market.
If you have any questions about what it takes to get your local Chandler or East Valley home sold quickly, and for the highest price, just give me a call/text at 602-295-6807 and I can help answer all of your questions!
"Real Estate is not just a job for me, it's about making a difference in the lives of others"
Troy Erickson Realtor
Call/Text: (602)295-6807
TroyEricksonRealtor@gmail.com
Linkedin Profile
Facebook Page
If you are planning on selling your Chandler or East Valley home in 2018, meet with a local real estate professional to evaluate the opportunities in your market.
If you have any questions about what it takes to get your local Chandler or East Valley home sold quickly, and for the highest price, just give me a call/text at 602-295-6807 and I can help answer all of your questions!
"Real Estate is not just a job for me, it's about making a difference in the lives of others"
Troy Erickson Realtor
Call/Text: (602)295-6807
TroyEricksonRealtor@gmail.com
Linkedin Profile
Facebook Page
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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