New Listings : 573
Pending Sales: 334
Sold Listings: 248
The total number of listings (single family homes) in Chandler is currently 2037 , giving Chandler about a 8 month inventory of homes or absorption rate. Including in the current inventory of homes for sale in Gilbert 168 are bank owned (REO) and 235 are short sales.
In April 2008, 56 of the homes sold in Chandler were REO and 28 were short sales, so the percentage of distressed home sales was approx 34%.
April showed an increase in sales price, but there were several 1 mil + homes that sold, that may be a false positive to this months increase in ave sales price. The average sales price dropped 10% from since Sept 2007.
New listings in Chandler outpaced sales, which will indicate an increased inventory- This is a new metric I will be tracking-Chandler Real Estate inventory (current active listings)
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