Low inventory leads to rising housing prices across Chandler, East Valley

Low inventory and a lack of new housing developments to keep up with the city’s demand have contributed to sky-high housing prices real estate experts say they are seeing across Chandler.

Low inventory and a lack of new housing developments to keep up with the city’s demand have contributed to sky-high housing prices real estate experts say they are seeing across Chandler, Arizona.

In this story published July 21, 2021, in Impact News Chandler:

What we are living with now is a result of and reaction to the Great Recession. The reason we have prices escalated as high and as quickly as we do is a lack of inventory. The Valley continued to grow during and after the Great Recession, but the entire homebuilding marketplace stalled and under-built from 2008 to 2015. We set ourselves up for this problem.

– Mark Stapp, Fred E. Taylor Professor in Real Estate and director of the Master of Real Estate Development program