The Munselle Group

Palm Desert, CA 92260

Single-Family Homes

www.themunsellegroup.com| 760-772-2411



Palm Desert, CA 92260

Tue Oct 19 2021
This week the median list price for Palm Desert, CA 92260 is $844,000 with the market action index hovering around 47. This is less than last month's market action index of 52. Inventory has held steady at or around 56. 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.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Palm Desert, CA 92260

Tue Oct 19 2021
This week the median list price for Palm Desert, CA 92260 is $844,000 with the market action index hovering around 47. This is less than last month's market action index of 52. Inventory has held steady at or around 56. 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.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $844,000
Median Price of New Listings $950,000
Per Square Foot $398
Average Days on Market 53
Median Days on Market 35
Price Decreased 30%
Price Increased 4%
Relisted 13%
Inventory 56
Median Rent $5,045
Market Action 47
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$2,347,500 3,991 0.25 - 0.5 acre 4 4 19 1 3 77
$977,000 2,475 0.25 - 0.5 acre 4 3 32 3 4 31
$699,450 2,036 8,000 - 10,000 sqft 3 2 42 1 7 42
$492,400 1,512 6,500 - 8,000 sqft 3 2 46 2 4 35