Kevin Stern / Town Real Estate

Palm Desert, CA

Single-Family Homes

www.TownCA.com | 760-250-1977 | kevin@kevinstern.com | CalDRE #01376548



Palm Desert, CA

Mon Oct 03 2022
This week the median list price for Palm Desert, CA is $699,000 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has held steady at or around 177. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Palm Desert, CA

Mon Oct 03 2022
This week the median list price for Palm Desert, CA is $699,000 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has held steady at or around 177. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $699,000
Median Price of New Listings $725,000
Per Square Foot $358
Average Days on Market 58
Median Days on Market 42
Price Decreased 40%
Price Increased 2%
Relisted 11%
Inventory 177
Median Rent
Market Action 41
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,200,000 2,822 0.25 - 0.5 acre 4 3.5 23 5 1 52
$798,500 2,277 8,000 - 10,000 sqft 3 2.5 26 5 5 38
$610,107 1,884 6,500 - 8,000 sqft 3 2 23 4 5 42
$499,000 1,547 4,500 - 6,500 sqft 2 2 27 5 11 42