the median list price for Chandler, AZ is $610,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has decreased to 612.
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Prices are climbing and we’re nearing the market’s all time high so watch the Market Action Index as an indicator of how long this trend will last.
Each segment below represents approximately 25% of the market ordered by price.
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