The Munselle Group's Market Report

Palm Desert, CA 92260

Single-Family Homes

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


Palm Desert, CA 92260

Sat Sep 07 2024
This week the median list price for Palm Desert, CA 92260 is $949,000 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has decreased to 77. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Palm Desert, CA 92260

Sat Sep 07 2024
This week the median list price for Palm Desert, CA 92260 is $949,000 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has decreased to 77. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $949,000
Median Price of New Listings $695,000
Per Square Foot $469
Average Days on Market 121
Median Days on Market 91
Price Decreased 42%
Price Increased 1%
Relisted 16%
Inventory 77
Median Rent
Market Action 38
Slight Seller's Advantage

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
$3,295,000 4,700 0.25 - 0.5 acre 5 4.5 21 1 2 126
$1,320,000 2,776 0.25 - 0.5 acre 3 3 45 1 0 49
$789,000 2,122 8,000 - 10,000 sqft 3 2 45 1 2 126
$649,500 1,700 6,500 - 8,000 sqft 3 2 45 6 3 45