Chandler January, 2015 Market Statistics
The housing market in Chandler Arizona continued to see strengthening trends in the single-family residence sector.
It appears that the housing market is continuing to improve and ramping up for our normal selling season in Chandler. During the month of January we saw new listings out-pace the last 5 years average indicating that more people have equity in their homes and have greater confidence in our market.
Active listings in Chandler stayed slightly under the 5 year average as did the houses that went under contract during January. An interesting statistic shows the average days on market increased from December 2014 and is above the 5 year average. This is a trend I will continue to keep an eye on. I believe this is just a cyclical move in the numbers.
Homes are on the market longer but they are selling for a higher price and higher ratio to listing price. This means that there is continued demand and less need for sellers to lower their prices. Homes are currently selling at 94.8% of listing price. We have also seen a substantial increase in the average sale price going from $223,677 to $266,687. This is great news as homeowners are gaining the equity they lost during the housing bubble.
If you are looking to purchase a home there are lots of new listings coming on the market every day! If you are looking to sell your home now looks like a great time to get it on the market to sell for top dollar.
You can find all of the January 2015 Market Statistics for Chandler here: January 2014
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