The Munselle Group

Palm Springs, CA 92264

Condos/Townhomes

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 $309,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has held steady at or around 125. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $309,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has held steady at or around 125. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $309,000
Per Square Foot $221
Days on Market 91
Price Decreased 34%
Price Increased 1%
Relisted 11%
Inventory 125
Median Rent $1,900
Most Expensive $699,000
Least Expensive $109,900
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
$459,000 1,716 0 - 4,500 sqft 3 2 48 1 2 106
$345,000 1,522 0 - 4,500 sqft 2 2 46 2 8 114
$279,999 1,305 0 - 4,500 sqft 2 2 41 3 1 70
$179,499 886 0 - 4,500 sqft 2 2 42 4 6 75