The Munselle Group

Palm Desert, CA 92211

Single-Family Homes

www.themunsellegroup.com| 760-772-2411



Palm Desert, CA 92211

Tue Oct 19 2021
This week the median list price for Palm Desert, CA 92211 is $729,000 with the market action index hovering around 61. This is less than last month's market action index of 68. Inventory has increased to 75. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Palm Desert, CA 92211

Tue Oct 19 2021
This week the median list price for Palm Desert, CA 92211 is $729,000 with the market action index hovering around 61. This is less than last month's market action index of 68. Inventory has increased to 75. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $729,000
Median Price of New Listings $619,000
Per Square Foot $319
Average Days on Market 36
Median Days on Market 21
Price Decreased 31%
Price Increased 1%
Relisted 8%
Inventory 75
Median Rent $3,925
Market Action 61
Strong Seller's Market

While this week the median price in this zip code didn’t fluctuate much, 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
$1,200,000 3,228 0.25 - 0.5 acre 3 3 22 4 0 35
$779,000 2,430 8,000 - 10,000 sqft 3 3 21 3 2 14
$619,900 2,032 6,500 - 8,000 sqft 3 2 25 2 4 14
$430,000 1,477 6,500 - 8,000 sqft 2 2 35 8 3 7