The Munselle Group
Palm Desert, CA 92211
Single-Family Homes
www.themunsellegroup.com| 760-772-2411
Palm Desert, CA 92211
Mon Nov 11 2019
This week the median list price for Palm Desert, CA 92211 is $498,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 189.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $498,000 | |
| Per Square Foot | $233 | |
| Days on Market | 96 | |
| Price Decreased | 24% | |
| Price Increased | 4% | |
| Relisted | 11% | |
| Inventory | 189 | |
| Median House Rent | $3,600 | |
| Most Expensive | $2,450,000 | |
| Least Expensive | $249,999 | |
| Market Action Index Slight Seller's Advantage | 35 |
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 |
|---|---|---|---|---|---|---|---|---|
| $950,000 | 3,255 | 8,000 - 10,000 sqft | 3 | 3 | 20 | 3 | 1 | 146 |
| $579,000 | 2,462 | 8,000 - 10,000 sqft | 3 | 3 | 18 | 5 | 3 | 102 |
| $439,500 | 2,093 | 6,500 - 8,000 sqft | 2 | 2 | 20 | 10 | 6 | 74 |
| $328,995 | 1,593 | 4,500 - 6,500 sqft | 2 | 2 | 24 | 9 | 12 | 60 |