Chandler housing market remains strong for sellers

By Allen Henderson | SanTan Sun

The November real estate sales snapshot for Chandler indicates that the average sale price rose to $420,238 – up 9.7 percent over the same period in 2019, when the average home value was $382,786.

The November number of units sold is up 18.8 percent with 417 units sold versus 351 units a year earlier.

Homes sold faster in 2020 with average days on market dropping to 29 days versus 44 days in 2019.

Buyers are continuing to step up with higher offers to get prime properties. However, some buyers are not willing to overpay to get a property. The number of November listings that required a price reduction to get an offer declined to 126 units, or 30 percent of the closed listings.

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December 27, 2020

Chandler

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