The Munselle Group

Palm Desert, CA 92211

Condos/Townhomes

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 $309,900 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has held steady at or around 143. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Palm Desert, CA 92211

Mon Nov 11 2019
This week the median list price for Palm Desert, CA 92211 is $309,900 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has held steady at or around 143. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $309,900
Per Square Foot $206
Days on Market 103
Price Decreased 23%
Price Increased 1%
Relisted 10%
Inventory 143
Median Apartment Rent $2,901
Most Expensive $875,000
Least Expensive $140,000
Market Action Index
Slight Seller's Advantage 		34

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
$550,000 2,236 0 - 4,500 sqft 3 3 30 3 3 111
$359,000 1,673 0 - 4,500 sqft 3 2 31 3 5 109
$280,950 1,386 0 - 4,500 sqft 2 2 32 6 6 108
$230,750 1,134 0 - 4,500 sqft 2 2 35 6 4 84