🏡 Sales Market
Active Listings: 821 (+1.6% YoY)
→ Inventory is still slightly higher than last year, but growth has slowed significantly compared to earlier months
Median Sold $/SF: $277.31 (-5.1% YoY)
→ Prices continue to soften year-over-year, marking a sustained downward trend over recent months
Average Days on Market: 43 (+3.6% YoY)
→ Homes are selling faster than earlier this year, but still taking slightly longer than last March
30-Year Mortgage Rate: 6.44%
→ Rates increased this month, which may begin to weigh on buyer affordability and demand
🏘️ Rental Market
Active Listings: 143 (-31.3% YoY)
→ Rental inventory has dropped sharply, signaling a tightening market compared to last year
Median Rented $/SF: $1.38 (+2.6% YoY)
→ Rents have rebounded and are now up year-over-year after several months of decline
Median Days on Market: 34 (+3% YoY)
→ Rentals are leasing relatively quickly, though slightly slower than last year
📉 Key Takeaways
- Inventory growth in the sales market is slowing, pointing toward stabilization
- Home prices remain under pressure despite steady demand
- Rental supply has tightened significantly, driving rent growth
- Faster leasing activity suggests strong renter demand heading into spring
- Rising mortgage rates could impact buyer activity in the coming months
👉 Overall:
Chandler’s market is showing a mix of stabilization and shifting momentum. While home prices are still trending downward and inventory growth is cooling, the rental market is tightening quickly with rising rents and strong demand. As mortgage rates climb, affordability will likely play a key role in shaping market activity through the spring season.