The Munselle Group

Palm Springs, CA 92264

Condos/Townhomes

www.themunsellegroup.com| 760-772-2411



Palm Springs, CA 92264

Mon Nov 11 2019
This week the median list price for Palm Springs, CA 92264 is $327,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 126. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Palm Springs, CA 92264

Mon Nov 11 2019
This week the median list price for Palm Springs, CA 92264 is $327,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 126. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $327,000
Per Square Foot $229
Days on Market 73
Price Decreased 21%
Price Increased 0%
Relisted 11%
Inventory 126
Median Apartment Rent $2,150
Most Expensive $1,275,000
Least Expensive $103,500
Market Action Index
Slight Seller's Advantage
39

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$510,000 1,965 0 - 4,500 sqft 2 2 49 4 3 119
$375,000 1,545 0 - 4,500 sqft 2 2 42 5 1 64
$272,500 1,175 0 - 4,500 sqft 2 2 40 9 5 46
$199,000 1,047 0 - 4,500 sqft 2 2 42 6 4 62