The Munselle Group

Palm Desert, CA 92211

Condos/Townhomes

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 $335,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has held steady at or around 107. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Palm Desert, CA 92211

Mon Nov 23 2020
This week the median list price for Palm Desert, CA 92211 is $335,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has held steady at or around 107. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $335,000
Per Square Foot $217
Days on Market 94
Price Decreased 20%
Price Increased 1%
Relisted 13%
Inventory 107
Median Rent $2,850
Most Expensive $1,395,000
Least Expensive $219,000
Market Action 42
Slight Seller's Advantage

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
$539,745 2,154 0 - 4,500 sqft 3 2 31 2 5 96
$395,000 1,746 0 - 4,500 sqft 2 2 32 2 7 66
$309,000 1,661 0 - 4,500 sqft 2 2 35 2 7 124
$265,000 1,330 0 - 4,500 sqft 2 2 34 2 4 90