Below you will find the statistical breakdown and more for the Chandler area Real Estate Market for December 2018.
Below is a snapshot of December’s Real Estate Market Statistics for Chandler AZ:
The number of new listings in Chandler for December 2018 was 330 down 29.5% from November. New contracts also decreased by 21.2% to 342. We saw 385 home sales completed in December down 4.9% from November. Median sales price was $315,000 up 1.6% from November. There were 679 active listing in Chandler with the average days on market of 55. The average sold price to list price was 97.0% down by .4% from prior month.
Chandler Homes for Sale by Bedrooms & Median price:
What does this mean if you are a seller?
Both inventory levels & sales volume decreased from the prior month. We currently have 1.76 months of inventory available for Sale which is an increase of 10.2% from November. This shows us still in a seller’s market. Last month we were at 1.96 months of inventory which was a 10.2% decrease as compared to December (showing a slight strengthening in the current sellers market). If priced correctly, sellers can expect to sell in less than the average 55 days on market we saw in December. 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 97.0% down by .4% from November. We also saw the median price increase to $315,000 or 1.6% from November
For buyers, an inventory of 1.76 months (compared to 1.96 months in November) continues to show that we are in a strong seller’s market. Sellers continue to have the advantage since there are fewer 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 or making low ball offers is 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: