The Munselle Group

Palm Springs, CA 92264

Single-Family Homes

www.themunsellegroup.com| 760-772-2411



Palm Springs, CA 92264

Wed Dec 11 2019
This week the median list price for Palm Springs, CA 92264 is $899,000 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has held steady at or around 99. 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

Wed Dec 11 2019
This week the median list price for Palm Springs, CA 92264 is $899,000 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has held steady at or around 99. 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 $899,000
Per Square Foot $372
Days on Market 115
Price Decreased 35%
Price Increased 1%
Relisted 17%
Inventory 99
Median Rent $3,200
Most Expensive $4,100,000
Least Expensive $219,900
Market Action 34
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$1,792,500 4,169 0.25 - 0.5 acre 4 4 15 2 3 130
$1,125,000 2,654 0.25 - 0.5 acre 3 3 55 1 2 111
$848,000 2,408 0.25 - 0.5 acre 3 3 49 0 4 114
$539,000 1,516 6,500 - 8,000 sqft 3 2 59 4 4 103