The Munselle Group's Market Report

Palm Desert, CA 92260

Condos/Townhomes

Compass | www.themunsellegroup.com| 760-772-2411


Palm Desert, CA 92260

Fri Apr 19 2024
This week the median list price for Palm Desert, CA 92260 is $549,700 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has increased to 106. Click here to stay informed with the Palm Desert market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Palm Desert, CA 92260

Fri Apr 19 2024
This week the median list price for Palm Desert, CA 92260 is $549,700 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has increased to 106. Click here to stay informed with the Palm Desert market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $549,700
Median Price of New Listings $479,000
Per Square Foot $366
Average Days on Market 85
Median Days on Market 42
Price Decreased 36%
Price Increased 1%
Relisted 15%
Inventory 106
Median Rent
Market Action 40
Slight Seller's Advantage

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$809,000 1,916 0 - 4,500 sqft 3 2.3 45 2 2 45
$599,000 1,687 0 - 4,500 sqft 2 2 44 1 2 35
$499,000 1,418 0 - 4,500 sqft 2 2 44 3 3 42
$356,900 1,170 0 - 4,500 sqft 2 2 50 3 0 56