Chandler, AZ housing market

More than a quarter of homes listed in Chandler have already cut their price, and that tells you almost everything about this market right now. About 28 percent of active listings have taken a reduction, which means a lot of sellers aimed too high and are paying for it with time. Homes are sitting a median of about 51 days before going under contract, so buyers have room to be patient and negotiate. There are roughly 743 homes for sale, with about 346 new listings hitting the market, so shoppers have real choices. The typical home value sits near five hundred twenty-nine thousand dollars, down about 1.8 percent over the past year, a modest slide rather than a drop. The median list price is around five hundred twenty-five thousand dollars, right at what homes are actually worth. The takeaway for Chandler sellers: price it right from day one, because this market punishes overpricing with a stale listing and a cut.