The Munselle Group

Palm Desert, CA 92260

Condos/Townhomes

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 $455,000 with the market action index hovering around 67. This is about the same as last month's market action index of 67. Inventory has decreased to 33. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Palm Desert, CA 92260

Tue Oct 19 2021
This week the median list price for Palm Desert, CA 92260 is $455,000 with the market action index hovering around 67. This is about the same as last month's market action index of 67. Inventory has decreased to 33. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $455,000
Median Price of New Listings $519,950
Per Square Foot $311
Average Days on Market 43
Median Days on Market 35
Price Decreased 24%
Price Increased 0%
Relisted 9%
Inventory 33
Median Rent $4,000
Market Action 67
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$697,000 1,948 0 - 4,500 sqft 2 2 45 2 2 21
$543,475 1,660 0 - 4,500 sqft 3 2 41 4 3 10
$419,500 1,429 0 - 4,500 sqft 2 2 47 1 4 63
$345,000 1,320 0 - 4,500 sqft 2 2 43 2 3 14