Chandler AZ Real Estate Housing Market Report - June 2021

By
Real Estate Agent with HomeSmart License # SA577557000
Here is the most recent Chandler Real Estate Housing Market Report for June 2021:
 
The average sales price of homes in Chandler continues to break records each month, climbing to a new all-time high of $558,660 in June, increasing over $12,000 since last month. The average sales price per square foot has increased for 12 straight months, and is now up to $257/sf from $240/sf last month (and $194/sf in July of 2020).
 
Days on market reached a new all-time low of 20, as I continue to think that it can't go much lower than it already is. This does mean that homes in Chandler are selling faster than they ever have, and most home sellers are receiving multiple offers, driving prices up.
 
 
With a total of 390 for the month, Chandler home sales are actually down 1.8% from June of last year, which is a huge turnaround from May, where home sales were up 23.4% from May of 2020. I believe the large increase in Chandler home sales you saw earlier this year compared to last year had a lot to due with the COVID-19 pandemic. However, by June, the real estate business was starting to get back to normal, and that is obviously being reflected by the fact that fewer homes were sold in June of 2021 (390) than in June of last year (397).
 
The number of new listings are also down -2.4% from June of last year, as many people continue to stay put, and there have not been enough new homes built to keep up with demand. The number of active listings remained about the same as the previous two months, at 561, but is down -22.7% overall from June of last year.
 
The lack of listings continues to drive demand, and home prices higher. Median home values in Chandler have increased an average of 30.9% since June of 2020, which is almost unbelievable. I wonder how much longer home values can continue to increase like this. With mortgage interest rates starting to increase above 3.0%, there are still more buyers looking to purchase in 2021 than there are homes for sale.
 
Click on the following link to see all current Chandler Arizona Homes For Sale.
 
For more detailed stats on the Chandler Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.

 

When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me se we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.
"Real Estate is not just a job for me,
it's about making a difference in the lives of others"
 
 
       
 
Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Posted by

         Contact Troy Erickson, Realtor®, Good Company Real Estate

Licensed Residential Realtor® in Arizona at 602-295-6807

 

Reach out to me for all your Phoenix, Chandler, Ahwatukee, Tempe, Gilbert, and Scottsdale, Arizona Real Estate needs.

 

Check out our website for all Arizona Real Estate and Homes For Sale in subdivisions like Sun Lakes, Ocotillo, Lakewood, Mountain Park Ranch, Pepperwood, Circle G Ranches, and many others throughout the East Valley.

 

"Real Estate is more than just about a job for me. It is about making a difference in the lives of others. I help people just like you Buy, Sell, and Invest in East Valley Arizona Real Estate!"

        Follow me icon for Twitter        View Troy Erickson's profile on LinkedIn      Troy Erickson Realtor      Troy Erickson on Zillow

***********************************************************************************

Subscribe to my Blog via Email by entering Your Email address here:

Delivered by FeedBurner

 ***********************************************************************************

This post is for informational purposes only and should not be construed as legal advice. If you desire specific legal or tax advice, please consult the appropriate professional. The opinions expressed here represent my own and not those of my employer. Troy Erickson will not be held liable for any errors, ommissions, accuracy, validity, currentness, suitability, completeness; or any losses, injuries or damages arising from its display or use.

Comments (6)

Norma J. Elkins
Elite Realty Group - Morristown, TN
Realtor - Elkins Home Selling Team

Days on the market is a crazy 20. Those look like your market is hanging strong.  Thanks for sharing and have a wonderful day!

Jul 05, 2021 12:17 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Thanks Norma J. Elkins, yes our market is still going up, up, up. Prices increasing, multiple offers, low inventory. Wondering how much longer this can last.

Jul 05, 2021 12:29 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Troy Erickson AZ Realtor (602) 295-6807 this is valuable information for both Buyers and Sellers in your area.

Jul 05, 2021 12:34 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Appreciate you taking the time to stop by and comment George Souto. Hope things are well with you.

Jul 05, 2021 01:01 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Chandler home buyers and sellers are sure to value your real estate market report, Troy.

Jul 05, 2021 05:07 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Things are still going strong in Chandler, AZ Myrl Jeffcoat! Thanks for stopping by and commenting.

Jul 05, 2021 11:25 PM