It may not be amazingly great news, but at least it is not bad news. But from November 1st through December 1st residential Chandler real estate stats remained steady. And this is a trend that goes back to July of this year as far as prices are concerned. Of course total volume has continued to slightly decline.
The actual numbers look like this. The average home sale price in Chandler for October was $217,781. The average price for a home in Chandler during November rose slightly to $218,520. Volume of home sales in October for Chandler was 392 units while November’s number of homes sold decreased slightly to 375 units.
Home prices did not skyrocket to their high a few years ago overnight. Likewise when the market shifted homes prices did not plummet overnight. I have argued all along that real estate is a cyclical market and can be expressed in bell shaped curves. And now I say again that we are at or very near the bottom of the bell shaped curve. This is the time to buy Chandler real estate!
