Existing Home Sales Have More Than Doubled Recently

One of the biggest indicators that we can look at to determine what is happening in any given real estate market is the number of homes that are actually selling. And as you know, these numbers have been dismal. Homes simply were not selling.

But are we seeing a change in the east valley? Since the numbers don’t lie, let’s take a look at the actual Chandler real estate stats for the number of homes sold each month over the past year based on data from the Arizona Regional Multiple Listing Service (ARMLS):




Can you believe that fewer than 200 residential properties sold in Chandler in both January and February? Those are some of the worst numbers we have seen in recent history! But in contrast to those awful numbers, look what has happened over the last three months. Sold numbers have climbed over the 400 mark for May, June and July.

So it looks like the storm clouds that have been hovering over east valley home sales are clearing. And with sales numbers on the rise we can likely expect home prices to follow suit. The housing crisis did not happen overnight; it’s not going to get fixed overnight either. It is good that the Chandler real estate market is going in the right direction now though.