The Munselle Group

Palm Springs, CA 92262

Condos/Townhomes

www.themunsellegroup.com| 760-772-2411



Palm Springs, CA 92262

Mon Nov 11 2019
This week the median list price for Palm Springs, CA 92262 is $289,500 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has held steady at or around 122. 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 and prices have been relatively stable for a few 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, prices are likely to resume an upward climb.

Palm Springs, CA 92262

Mon Nov 11 2019
This week the median list price for Palm Springs, CA 92262 is $289,500 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has held steady at or around 122. 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 and prices have been relatively stable for a few 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $289,500
Per Square Foot $248
Days on Market 79
Price Decreased 26%
Price Increased 1%
Relisted 11%
Inventory 122
Median Apartment Rent $1,800
Most Expensive $999,000
Least Expensive $104,000
Market Action Index
Slight Seller's Advantage
40

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$626,875 1,927 0 - 4,500 sqft 3 3 2 4 3 100
$372,450 1,323 0 - 4,500 sqft 2 2 40 8 2 66
$229,000 1,112 0 - 4,500 sqft 2 2 36 10 5 42
$119,000 589 0 - 4,500 sqft 1 1 37 7 7 106