The Munselle Group

Palm Desert, CA 92211

Single-Family Homes

www.themunsellegroup.com| 760-772-2411



Palm Desert, CA 92211

Mon Nov 23 2020
This week the median list price for Palm Desert, CA 92211 is $475,900 with the market action index hovering around 49. This is less than last month's market action index of 52. Inventory has held steady at or around 135. 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

The market has started cooling and prices have recently plateaued. Since 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.

Palm Desert, CA 92211

Mon Nov 23 2020
This week the median list price for Palm Desert, CA 92211 is $475,900 with the market action index hovering around 49. This is less than last month's market action index of 52. Inventory has held steady at or around 135. 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

The market has started cooling and prices have recently plateaued. Since 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

Never miss important changes in the Palm Desert market.
Median List Price $475,900
Per Square Foot $245
Days on Market 80
Price Decreased 27%
Price Increased 4%
Relisted 8%
Inventory 135
Median Rent $3,725
Most Expensive $1,899,000
Least Expensive $238,000
Market Action 49
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$845,000 3,050 8,000 - 10,000 sqft 3 3 21 3 6 74
$539,500 2,349 8,000 - 10,000 sqft 3 2 22 7 3 57
$434,950 1,770 4,500 - 6,500 sqft 2 2 19 9 10 56
$299,450 1,276 4,500 - 6,500 sqft 2 2 27 5 2 130