Cathi & Ben Walter's Market Report

Palm Springs, CA

Single-Family Homes

www.DesertAreaHomeFinder.com | 760-218-5752 | Cathi@DesertAreaHomeFinder.com



Palm Springs, CA

Tue Oct 15 2019
This week the median list price for Palm Springs, CA is $760,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 277. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Palm Springs, CA

Tue Oct 15 2019
This week the median list price for Palm Springs, CA is $760,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 277. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $760,000
Per Square Foot $357
Days on Market 114
Price Decreased 43%
Price Increased 4%
Relisted 17%
Inventory 277
Median House Rent $2,950
Most Expensive $4,300,000
Least Expensive $69,900
Market Action Index
Slight Seller's Advantage
36

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
$1,550,000 3,510 0.25 - 0.5 acre 4 4 41 11 2 156
$885,000 2,340 0.25 - 0.5 acre 3 3 48 13 2 106
$624,900 1,873 0.25 - 0.5 acre 3 2 42 9 7 106
$424,450 1,452 8,000 - 10,000 sqft 3 2 39 8 10 87