2020 Selling Your Home in Chandler AZ
What to expect if you are thinking of selling your Chandler AZ home in 2020?
Whether you're looking to buy a home or sell a home in 2020, it helps to know what you're up against. Here are things to expect if you and your family are considering of selling house in Chandler area 2020.
Majority of home buyers are millennials
Millennials will make up the largest buying class of homeowners. Millennials are finally reaching ages between 30-40, having families and needing more space. Millennials took the lead as the largest group (37%) of home buyers last year.
Interest rates are expected to stay low
Economists predicted that the 30-year fixed-rate mortgage will average between 3.60% and 3.85%. Low mortgage rates mean it’s a great time for anyone to buy: whether it’s for the first, second or fifth time. This is especially true for someone looking to upgrade their home and purchase one in a higher bracket.
Home price in Chandler are raising
Based on 2019 Chandler Arizona Housing Market Trends Report, home price for single family homes has increased about 5% from a year ago. A nice profit may be on the horizon!
Inventory, inventory and inventory
Real estate sale is relying on supply and demand. As Phoenix and Maricopa County have ranked first in fastest-growing cities and counties (again). Lack of housing inventory, especially for entry-level homes, has been a thorn in buyers’ sides since 2018. The situation isn’t expected to get much better. Inventory had been decreasing from a year ago. In Phoenix, there were 20,177 new listings for single family homes for sale in 2019 compare to 21,282 in 2018, that’s about 5.2% decreased from a year ago.
Although we will see more in balance market in some areas, if the house is move in ready and is priced competitively, chances you will see a multiple offers situation bidding war going on too.
Conclusion
Entering into 2020, just like last year, the market continues to favor sellers with potential shift in to balance. Supply is still below normal compared to previous year. Chandler is still in normal seller’s market, however it’s weaker out of the gate. This means there is still more demand than supply, but multiple offers will not be as common. there will be fewer sales overall and scenarios will vary widely depending on price range. Demand could change in either direction depending on interest rates, however for the time being buyers and sellers must play the hand they’ve been dealt. For those wondering if it’s still a good time to sell, the answer is “yes” for now.
Selling your home in Chandler AZ
Contact Us or call Swee Ng at 480.721.6253 today to discuss your potential Chandler AZ Home Price and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your home is worth at today’s market.
Swee Ng, Realtor in Phoenix East Valley specializing in win-win real estate transaction through great communication and fighting for his clients' best interest. After all, this is more than real estates, this is about your life and your dreams.If you are looking to buy or sell your home in Chandler or surrounding area, I would the the opportunity to be interviewed for the job. Contact Us today for complimentary and no obligation consultation. I hope that you will put my experience, knowledge, service and professionalism to work for you.
New Listing in Last 24 Hours Chandler AZ
Open House in Chandler
Chandler AZ Homes for Sale by zipcode:
Real Estate Listings & Homes for Sale Chandler AZ 85224
Real Estate Listings & Homes for Sale Chandler AZ 85225
Real Estate Listings & Homes for Sale Chandler AZ 85226
Real Estate Listings & Homes for Sale Chandler AZ 85248
Real Estate Listings & Homes for Sale Chandler AZ 85249
Real Estate Listings & Homes for Sale Chandler AZ 85286
Chandler AZ Homes for Sale by Price Range:
Homes for Sale Under $200,000 Chandler AZ
Homes for Sale $200,000 – $300,000 Chandler AZ
Homes for Sale $300,000 – $400,000 Chandler AZ
Homes for Sale $400,000 – $500,000 Chandler AZ
Homes for Sale $500,000 – $600,000 Chandler AZ
Homes for Sale $600,000 – $700,000 Chandler AZ
Homes for Sale $700,000 – $800,000 Chandler AZ
Homes for Sale $800,000 – $900,000 Chandler AZ
Homes for Sale $900,000 – $1,000,000 Chandler AZ
Homes for Sale Over $1,000,000 Chandler AZ
Search and view your dream home your way
Receive email alert as soon as a Chandler property matching your criteria hits the market. Be one of the first to see new listings. Simply type in everything you want in a house and save your search here to be notified.