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

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 Seller'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

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 Seller'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 $799,000
Per Square Foot $276
Days on Market 186
Price Decreased 39%
Price Increased 2%
Relisted 14%
Inventory 283
Median House Rent $3,000
Most Expensive $12,995,000
Least Expensive $3,900
Market Action Index
Slight Seller's Advantage
30

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
$2,360,000 5,277 0.5 - 1 acre 4 5 20 2 0 291
$1,089,000 3,650 0.25 - 0.5 acre 4 4 18 0 1 169
$699,000 2,930 0.25 - 0.5 acre 3 3 34 5 3 148
$499,900 2,414 6,500 - 8,000 sqft 3 3 38 2 5 138