Cathi & Ben Walter's Market Report

Rancho Mirage, CA 92270

Single-Family Homes

www.DesertAreaHomeFinder.com | 760-218-5752 | Cathi@DesertAreaHomeFinder.com



Rancho Mirage, CA 92270

Mon Jul 22 2019
This week the median list price for Rancho Mirage, CA 92270 is $795,000 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 269. Click here to stay informed with the Rancho Mirage market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Rancho Mirage, CA 92270

Mon Jul 22 2019
This week the median list price for Rancho Mirage, CA 92270 is $795,000 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 269. Click here to stay informed with the Rancho Mirage market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Rancho Mirage market.
Median List Price $795,000
Per Square Foot $274
Days on Market 181
Price Decreased 39%
Price Increased 1%
Relisted 13%
Inventory 269
Median House Rent $3,000
Most Expensive $12,995,000
Least Expensive $379,000
Market Action Index
Slight Buyer's Advantage
29

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
$2,350,000 5,256 0.5 - 1 acre 4 5 20 1 2 290
$1,050,000 3,597 0.25 - 0.5 acre 4 4 18 2 10 166
$689,900 2,785 0.25 - 0.5 acre 3 3 36 2 8 134
$505,000 2,475 6,500 - 8,000 sqft 3 3 34 10 9 134