This week the median list price for Chandler, AZ is $604,997 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has increased to 582.
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
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