The Munselle Group

Palm Desert, CA 92211

Condos/Townhomes

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 $482,500 with the market action index hovering around 83. This is an increase over last month's market action index of 82. Inventory has increased to 26. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Palm Desert, CA 92211

Tue Oct 19 2021
This week the median list price for Palm Desert, CA 92211 is $482,500 with the market action index hovering around 83. This is an increase over last month's market action index of 82. Inventory has increased to 26. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $482,500
Median Price of New Listings $430,000
Per Square Foot $284
Average Days on Market 33
Median Days on Market 14
Price Decreased 8%
Price Increased 8%
Relisted 0%
Inventory 26
Median Rent $3,250
Market Action 83
Strong Seller's Market

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. 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
$790,000 2,429 0 - 4,500 sqft 3 3 25 1 0 7
$530,750 1,801 0 - 4,500 sqft 3 2 33 2 5 49
$437,500 1,814 0 - 4,500 sqft 3 2 32 1 2 14
$375,000 1,343 0 - 4,500 sqft 2 2 34 3 2 0