How are Home Prices in Chandler Az

Home prices in Chandler Az are stable for the time being. Home prices in the Phoenix Metro are stable as well.

Over the last 12-18 months the inventory in Chandler, Gilbert, Tempe, Mesa and the rest of the East Valley have remained stable.

Inventory has been climbing slowly over the past 18-24 months, but not to truely call it a buyers market. In late 2011 and most of 2012 inventory was low, prices were low and investors were incredible active. Forcing prices to go up at a pretty good clip. Inventory in Chandler was at about 1.5-2.5 months. Now we are at about 4-5 months inventory. Those numbers were the same across the board in Gilbert, Tempe, Mesa, Queen Creek  and most of Phoenix.

Some people believe interest rates will climb (slightly), which will have the same effect as an increase in inventory. People that have been on the fence listing their home, will take a bigger beating in the short run. Buyers will have less buying power.

Prediction: Home prices in Chandler will remain stable, but will be very little growth, if any over the next 12 months.

I will continue to keep track of the inventory over the next 12 months to see home this all pans out.

If you'd like me to keep you up to date on a weekly or monthly basis, please call or e-mail me and I will get that going for you.

Best Regards

Dave Bracklow                480-390-4310                dave@davebracklow.com