The Munselle Group

Palm Desert, CA 92260

Condos/Townhomes

www.themunsellegroup.com| 760-772-2411



Palm Desert, CA 92260

Mon Nov 11 2019
This week the median list price for Palm Desert, CA 92260 is $349,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 119. 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

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

Mon Nov 11 2019
This week the median list price for Palm Desert, CA 92260 is $349,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 119. 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

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 $349,000
Per Square Foot $223
Days on Market 149
Price Decreased 20%
Price Increased 2%
Relisted 14%
Inventory 119
Median Apartment Rent $3,250
Most Expensive $900,436
Least Expensive $164,900
Market Action Index
Slight Seller's Advantage
34

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
$595,000 2,019 0 - 4,500 sqft 3 3 41 5 1 150
$396,750 1,886 0 - 4,500 sqft 2 2 35 3 4 211
$319,500 1,476 0 - 4,500 sqft 2 2 40 0 3 161
$257,750 1,265 0 - 4,500 sqft 2 2 40 7 3 71