The Munselle Group

Palm Desert, CA 92260

Single-Family Homes

www.themunsellegroup.com| 760-772-2411



Palm Desert, CA 92260

Mon Nov 23 2020
This week the median list price for Palm Desert, CA 92260 is $1,395,000 with the market action index hovering around 41. This is less than last month's market action index of 44. Inventory has held steady at or around 99. 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 conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Palm Desert, CA 92260

Mon Nov 23 2020
This week the median list price for Palm Desert, CA 92260 is $1,395,000 with the market action index hovering around 41. This is less than last month's market action index of 44. Inventory has held steady at or around 99. 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 conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $1,395,000
Per Square Foot $394
Days on Market 130
Price Decreased 22%
Price Increased 1%
Relisted 11%
Inventory 99
Median Rent $5,750
Most Expensive $10,950,000
Least Expensive $259,500
Market Action 41
Slight Seller's Advantage

Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.

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
$5,545,000 7,665 0.5 - 1 acre 4 5 16 2 0 143
$1,850,000 4,100 0.5 - 1 acre 4 4 21 2 0 213
$979,000 3,120 0.25 - 0.5 acre 3 3 34 2 3 100
$534,900 1,845 8,000 - 10,000 sqft 3 2 40 5 4 61