Cathi & Ben Walter's Market Report

Palm Springs, CA

Single-Family Homes

760.218.5752 | Cathi@DesertAreaHomeFinder.com



Palm Springs, CA

Sat Jan 23 2021
This week the median list price for Palm Springs, CA is $969,000 with the market action index hovering around 55. This is an increase over last month's market action index of 54. Inventory has held steady at or around 105. 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

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

Sat Jan 23 2021
This week the median list price for Palm Springs, CA is $969,000 with the market action index hovering around 55. This is an increase over last month's market action index of 54. Inventory has held steady at or around 105. 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

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 $969,000
Per Square Foot $425
Days on Market 89
Price Decreased 25%
Price Increased 6%
Relisted 10%
Inventory 105
Median Rent $6,800
Most Expensive $25,000,000
Least Expensive $138,888
Market Action 55
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change 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
$2,495,000 4,634 0.5 - 1 acre 4 4 51 1 5 142
$1,182,000 2,532 8,000 - 10,000 sqft 3 3 34 3 3 92
$843,900 2,006 0.25 - 0.5 acre 3 2 50 5 5 77
$499,000 1,735 6,500 - 8,000 sqft 3 2 40 10 8 44