The Munselle Group

Palm Springs, CA 92262

Condos/Townhomes

www.themunsellegroup.com| 760-772-2411



Palm Springs, CA 92262

Fri May 29 2020
This week the median list price for Palm Springs, CA 92262 is $265,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 147. 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 has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Palm Springs, CA 92262

Fri May 29 2020
This week the median list price for Palm Springs, CA 92262 is $265,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 147. 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 has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $265,000
Per Square Foot $250
Days on Market 85
Price Decreased 20%
Price Increased 3%
Relisted 9%
Inventory 147
Median Rent $1,900
Most Expensive $1,069,000
Least Expensive $110,000
Market Action 38
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
$509,450 1,645 0 - 4,500 sqft 2 2 13 4 4 112
$324,500 1,252 0 - 4,500 sqft 2 2 40 2 3 84
$239,000 1,084 0 - 4,500 sqft 2 2 36 4 1 60
$149,500 589 0 - 4,500 sqft 1 1 38 7 4 81