Sun Aug 01 2021
This week the median list price for Desert Hot Springs, CA is $369,450 with the market action index hovering around 69. This is less than last month's market action index of 73. Inventory has increased to 74.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$369,450|
|Median Price of New Listings||$335,000|
|Per Square Foot||$234|
|Average Days on Market||86|
|Median Days on Market||28|
|Strong Seller's Market|
Prices have moved upward in the last few weeks and are nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$614,999||2,152||0.5 - 1 acre||3||2||31||1||2||66|
|$395,250||1,709||8,000 - 10,000 sqft||4||2||17||3||0||24|
|$335,000||1,496||6,500 - 8,000 sqft||3||2||31||11||4||7|
|$235,000||1,118||6,500 - 8,000 sqft||2||2||58||6||3||49|