Chandler AZ Real Estate Housing Market Report - June 2022

Real Estate Agent with HomeSmart License # SA577557000
Here is the most recent Chandler AZ Real Estate Housing Market Report for June 2022:
The average sales price of Chandler homes decreased for the first time since January of this year. After increasing to an all-time high of $704,532 in May, the average sales price of Chandler homes decreased to $654,961 in June. This is only the second decrease in the last nine months, since September of 2021.

After increasing or remaining the same for 24 consecutive months, the average sales price per square foot of Chandler homes suffered the first decrease in June. The average sales price dropped from $315/sf in May to $311/sf in June. This is still a $55/sf increase from the $256/sf in June of 2021.
The days on market for June increased from 20 DOM in May to 25 DOM. This is the first increase since January of this year. The DOM has remained at or below 31 since February of 2021, which means that homes in Chandler are selling faster than they ever have, although there seems to be a shift happening in the housing market.
Click on the image below to read the full article and see what is going on in the Chandler Arizona real estate market.

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.

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


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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 (2)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Aug 11, 2022 01:51 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

I always appreciate you taking the time to comment on my posts Myrl Jeffcoat. I hope home buyers and sellers in Chandler value this information.

Aug 11, 2022 02:34 PM