Below you will find the statistical breakdown and more for the Chandler area Real Estate Market for April 2018.
Snapshot of Chandler’s Real Estate Market Statistics for April 2018
The number of new listings in Chandler for April was 568 down 13.5% from March. But in addition, new contracts also decreased by 4.5% to 637. We saw 539 home sales completed in April down 7.7% from March. Median sales price was $303,000 down .5% from last month. There were 609 active listing in Chandler with the average days on market of 49. The average sold price to list price was 98.1% flat to the prior month.
Chandler Homes for Sale by Bedrooms & Median price:
What does this mean if you are a seller?
For sellers, inventory levels dropped by 4.8% while sales volume also decreased by 7.7% from the prior month. For April, we had an average number of days on market of 49, flat as compared to last month. We currently have 1.59 months of inventory available for Sale which is also flat to March. This continues to show a strong seller’s market as compared to last month’s 1.56 months of inventory. If priced correctly, sellers can expect to sell in less than the average 49 days on market we saw in April. Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For December, we saw the list to contract price of 98.1% flat to last month. We also saw the median price drop to $303,000 a .5% decrease from March.
What does this mean if you are a buyer?
For buyers, a inventory of 1.59 months (compared to 1.56 months in March) still shows Chandler in a strong sellers market. Sellers continue to have an advantage since there are less homes available. Anything under 3 months of inventory is considered a seller’s market. So those homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you comparable properties to determine the best price for the house. Asking for seller concessions and making a low ball offer is still not a good strategy in this seller’s market. Remember, sellers also know the value of their home in this market. Their agents are keeping sellers updated on recent sales and homes similar to theirs as they come on the market.
Homes For Sale in Chandler AZ:
Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Chandler homes by price and Type:
Below are all the Homes available in the city of Chandler by Dollar amount and type: