The Munselle Group

Palm Springs, CA 92264

Single-Family Homes

www.themunsellegroup.com| 760-772-2411



Palm Springs, CA 92264

Fri May 29 2020
This week the median list price for Palm Springs, CA 92264 is $865,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 89. Click here to stay informed with the Palm Springs market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Palm Springs, CA 92264

Fri May 29 2020
This week the median list price for Palm Springs, CA 92264 is $865,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 89. Click here to stay informed with the Palm Springs market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $865,000
Per Square Foot $407
Days on Market 118
Price Decreased 47%
Price Increased 0%
Relisted 13%
Inventory 89
Median Rent $3,500
Most Expensive $2,975,000
Least Expensive $129,500
Market Action 35
Slight Seller's Advantage

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
$1,688,500 3,494 0.25 - 0.5 acre 4 3 23 2 1 131
$1,097,000 2,730 0.25 - 0.5 acre 3 3 54 2 3 120
$799,450 2,124 0.25 - 0.5 acre 3 2 53 1 2 139
$575,000 1,456 8,000 - 10,000 sqft 3 2 56 0 6 83