Chandler, AZ home prices and housing market

One in three Chandler home sellers has cut their price, and values in the city are slipping. If you are weighing a sale this year, here is what that shift means for you. The typical Chandler home is now worth about five hundred twenty-two thousand dollars, down roughly one and a half percent from a year ago. That is a gentle decline, not a collapse. The pressure shows up elsewhere. There are about 700 homes for sale right now, and they are taking around sixty-three days to go under contract, so buyers have time to compare and negotiate. Here is the telling part. The median asking price is about five hundred thirty-one thousand dollars, above what the typical home is actually worth, and a third of listings have already taken a cut. That gap is why sellers keep chasing the market down. One number pushes back though: only about 280 new listings came on, so supply is not flooding in. If you price at the market from day one, you can still sell well. Overprice, and you sit for two months before joining the third who cut. For a free estimate of what your home is worth today, visit Home Value Pros dot com.