If you’ve been watching the headlines lately, it’s easy to think the housing market is starting to fall apart. National home prices have slowed sharply. Arizona appreciation has nearly stopped. And Chandler home prices are now slightly lower than they were a year ago.

So the big question is: Is Chandler’s housing market crashing?

Not exactly. This week’s market update shows something much more important: the market is shifting, not collapsing. Buyers are getting more options, sellers are facing more competition, and strategy matters more than ever.

Key Market Highlights

1. National Home Prices Have Lost Momentum: Back in 2022, national home prices were growing at over 20% year-over-year. That was one of the fastest appreciation periods we’ve ever seen. Today, that number has dropped close to 0%, and over half of major metro markets showed year-over-year price declines in February. That doesn’t mean the market is crashing — it means price growth has stalled.

   

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2. Arizona Home Prices Are Flat: Arizona’s annual appreciation is now sitting around 0%, the lowest level we’ve seen in recent years. But flat does not mean falling. What the data shows is stabilization. Prices are holding, and buyers now have more negotiating power compared to the last two years.

   

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3. Chandler Prices Are Down Slightly: Chandler home prices are currently about 1.5% to 2% lower than last year. That sounds negative, but context matters. During the Covid boom, Chandler prices jumped over 25%, so this is more of a market correction than a crash.

   

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4. Buyer Demand Is Still Strong: Across Greater Phoenix, around 300 homes per week are still going under contract. That tells us buyers are still active. Demand has slowed from peak frenzy levels, but buyers haven’t disappeared.

   

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5. Inventory Has Increased More Than 4X: This is one of the biggest shifts in today’s market. Chandler active inventory has risen from around 156 listings in late 2021 to around 690 active listings today. That means buyers have more choices, more leverage, and more time to make decisions.

Buyer & Seller Insights

What This Means for Buyers

This may be one of the best buying windows Chandler has seen in years.

Not because prices are crashing — but because competition has changed. More inventory means:

• More choices

• More room to negotiate

• More seller concessions

• Less pressure to rush

If you’ve been waiting for a “perfect crash,” it may not come. The better opportunity may be right now through better terms.

What This Means for Sellers

Homes are still selling.

But unlike 2021–2023, buyers are now comparing more options before making offers.

That means sellers must focus on:

• Strategic pricing

• Better home preparation

• Stronger marketing

• Better presentation

In today’s market, simply listing a home is no longer enough.