Below you will find the statistical breakdown and more for the Chandler area Real Estate Market for March 2019.
Below is a snapshot of February’s Real Estate Market Statistics for Chandler AZ:
The number of new listings in Chandler for March was 587 up 19.3% from December February. In addition, new contracts also increased by 21.4% to 635. We saw 472 home sales completed in March up 36.8% from February. Median sales price was $305,000 up 1.7% from February. There were 754 active listing in Chandler with the average days on market of 59. The average sold price to list price was 97.3% up by .3% from prior month.
Chandler Homes for Sale by Bedrooms & Median price:
What does this mean if you are a seller?
For sellers, inventory levels continued to drop from March’s 1.6 months of inventory compared to February’s 2.2 months ( a 27% decrease). This shows a continued strengthening in the seller’s market. If priced correctly, sellers can expect to sell in less than the average 59 days on market we saw in March. Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For March, we saw the list to contract price of 97.3% up by .3% from February. We also saw the median price increase to $305,000 a 1.7% change from February.
What does this mean if you are a buyer?
For buyers, a inventory of 1.60 months (compared to 2.2 months in February) is not welcome news since this indicates we are moving to a stronger sellers market. Sellers continue to have the advantage since there are less homes available for sale. 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: