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. 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

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.

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. 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

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

Never miss important changes in the Palm Desert market.
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