Below you will find the statistical breakdown and more for the Chandler area Real Estate Market for March 2018.
Snapshot of Chandler’s Real Estate Market Statistics for March 2018
The number of new listings in Chandler for March was 657 up 15.9 % from February. New contracts also increased by 11.5% to 677. We saw 584 home sales completed in March up 4701% from February. Median sales price was $304,450 up 6.8% from February. There were 640 active listing in Chandler with the average days on market of 49. The average sold price to list price was 98.1% up by .9% from prior month.
Chandler Homes for Sale by Bedrooms & Median price:
What does this mean if you are a seller?
For sellers, understand that inventory levels went up slightly (2.9%) while sales volume increased dramatically by 47.1% from the prior month. For march, we had an average number of days on market of 49, down 10 days from the prior month. We currently have 1.1 months of inventory available for Sale which is an decrease of 30% from February. This shows a very strong seller’s market as compared to last month’s 1.57 months of inventory. If priced correctly, sellers can expect to sell in less than the average 49 days on market we saw in February. 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 98.1% up by .9% from February. We also saw the median price of $304,450 a 6.8% increase over February.This month all the indicators are in your favor. So if you priced your home at market value you should expect some strong offers.
What does this mean if you are a buyer?
For buyers, a inventory of 1.1 months (compared to 1.57 months in February) should indicate that inventory is scarce and you will need to do your homework to make sure your offer is on target. 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: