Below you will find the statistical breakdown and more for the Chandler area Real Estate Market for June 2018.
Below is a snapshot of June’s Real Estate Market Statistics for Chandler AZ:
The number of new listings in Chandler for June was 613 up 4.6% from May. New contracts dropped by 10.1% to 578. We saw 532 home sales completed in June down 14.1% from May. Median sales price was $317,500 up .8% from May. There were 684 active listing in Chandler with the average days on market of 47. The average sold price to list price was 98.0% up by .2% from prior month.
Chandler Homes for Sale by Bedrooms & Median price:
What does this mean if you are a seller?
Inventory levels were up 14.2% while sales were down 14.1% from prior month. We currently have 1.29 months of inventory available for Sale which is an increase of 33% from May. We are still in a strong seller’s market as compared to last month’s .97 months of inventory. If priced correctly, sellers can expect to sell in less than the average 47 days on market we saw in May. Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For June, we saw the list to contract price of 98% up by .2% from May. We also saw the median price of $317,500 a .8% increase from May.
What does this mean if you are a buyer?
For buyers, a inventory of 1.29 months (compared to .97 months in May) is welcome news. But we area still in a strong sellers market. Sellers continue to have the 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 or making a low ball offer 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: