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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$1,395,000|
|Per Square Foot||$394|
|Days on Market||130|
|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.
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|