The Drummond Team's Market Report

Palm Desert, CA 92260

Condos/Townhomes

The Agency | www.thedrummondteam.com | 760-772-2411


Palm Desert, CA 92260

Fri Aug 07 2026
This week the median list price for Palm Desert, CA 92260 is $499,000 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has decreased to 140. 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

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Palm Desert, CA 92260

Fri Aug 07 2026
This week the median list price for Palm Desert, CA 92260 is $499,000 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has decreased to 140. 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

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $499,000
Median Price of New Listings $452,500
Per Square Foot $344
Average Days on Market 122
Median Days on Market 88
Price Decreased 39%
Price Increased 0%
Relisted 9%
Inventory 140
Median Rent
Market Action 32
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$693,500 1,803 0 - 4,500 sqft 2 2 47 0 5 84
$550,000 1,610 0 - 4,500 sqft 2 2 46 0 4 91
$465,000 1,426 0 - 4,500 sqft 2 2 47 4 0 77
$349,000 1,183 0 - 4,500 sqft 2 2 48 0 2 98