The Munselle Group

Palm Springs, CA 92262

Single-Family Homes

www.themunsellegroup.com| 760-772-2411



Palm Springs, CA 92262

Mon Nov 23 2020
This week the median list price for Palm Springs, CA 92262 is $1,095,000 with the market action index hovering around 55. This is less than last month's market action index of 62. Inventory has held steady at or around 89. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Palm Springs, CA 92262

Mon Nov 23 2020
This week the median list price for Palm Springs, CA 92262 is $1,095,000 with the market action index hovering around 55. This is less than last month's market action index of 62. Inventory has held steady at or around 89. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $1,095,000
Per Square Foot $450
Days on Market 68
Price Decreased 29%
Price Increased 6%
Relisted 8%
Inventory 89
Median Rent $5,798
Most Expensive $25,000,000
Least Expensive $138,888
Market Action 55
Strong Seller's Market

While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$2,695,000 4,213 0.5 - 1 acre 4 4 56 3 3 140
$1,272,000 2,590 8,000 - 10,000 sqft 3 3 13 4 3 49
$854,500 2,021 8,000 - 10,000 sqft 3 2 55 5 5 45
$530,000 1,868 6,500 - 8,000 sqft 3 2 15 5 7 39