Cathi & Ben Walter's Market Report

Palm Springs, CA

Single-Family Homes

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



Palm Springs, CA

Fri Jul 10 2020
This week the median list price for Palm Springs, CA is $799,950 with the market action index hovering around 39. This is an increase over last month's market action index of 36. Inventory has held steady at or around 185. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Palm Springs, CA

Fri Jul 10 2020
This week the median list price for Palm Springs, CA is $799,950 with the market action index hovering around 39. This is an increase over last month's market action index of 36. Inventory has held steady at or around 185. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $799,950
Per Square Foot $391
Days on Market 142
Price Decreased 39%
Price Increased 3%
Relisted 13%
Inventory 185
Median Rent $3,500
Most Expensive $5,100,000
Least Expensive $122,500
Market Action 39
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
$1,824,500 3,449 0.25 - 0.5 acre 4 3 47 4 9 166
$949,900 2,271 0.25 - 0.5 acre 3 3 37 10 10 136
$674,000 1,895 0.25 - 0.5 acre 3 2 44 3 8 139
$479,000 1,555 0.25 - 0.5 acre 3 2 42 6 9 126