Cathi & Ben Walter's Market Report

Palm Springs, CA

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



Palm Springs, CA

Sat Jun 12 2021
This week the median list price for Palm Springs, CA is $1,222,500 with the market action index hovering around 81. This is less than last month's market action index of 82. Inventory has decreased to 70. 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.

Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Palm Springs, CA

Sat Jun 12 2021
This week the median list price for Palm Springs, CA is $1,222,500 with the market action index hovering around 81. This is less than last month's market action index of 82. Inventory has decreased to 70. 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.

Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $1,222,500
Median Price of New Listings $995,000
Per Square Foot $587
Average Days on Market 66
Median Days on Market 25
Price Decreased 20%
Price Increased 4%
Relisted 7%
Inventory 70
Median Rent $6,500
Market Action 81
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

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
$3,498,500 3,410 0.25 - 0.5 acre 3 4 50 1 1 49
$1,599,000 2,584 0.25 - 0.5 acre 3 3 62 5 5 35
$995,000 1,827 0.25 - 0.5 acre 3 3 45 7 5 10
$612,000 1,665 6,500 - 8,000 sqft 3 2 45 6 7 10