After increasing or remaining the same for 24 consecutive months, the average sales price per square foot of Chandler homes has also decreased for the third straight month. The average sales price has dropped from $315/sf in May to $295/sf in August. This is still a $32/sf increase from the $263/sf in August of 2021.
The days on market has now also increased for the third straight month, going from 20 DOM in May to 37 DOM for August. The DOM had remained at or below 31 since February of 2021. Homes in Chandler are still selling fast, but they have certainly slowed down as we enter the slower housing season in the fall.
Feel free to reach out to me if you have any questions about buying a home, selling your home, or investing in the Chandler, AZ or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.
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