The Munselle Group's Market Report

Palm Springs, CA 92262

Condos/Townhomes

Compass | www.themunsellegroup.com| 760-772-2411



Palm Springs, CA 92262

Sat Aug 13 2022
This week the median list price for Palm Springs, CA 92262 is $389,000 with the market action index hovering around 69. This is less than last month's market action index of 76. Inventory has decreased to 51. 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 been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Palm Springs, CA 92262

Sat Aug 13 2022
This week the median list price for Palm Springs, CA 92262 is $389,000 with the market action index hovering around 69. This is less than last month's market action index of 76. Inventory has decreased to 51. 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 been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Palm Springs market.
Median List Price $389,000
Median Price of New Listings $344,499
Per Square Foot $390
Average Days on Market 31
Median Days on Market 28
Price Decreased 37%
Price Increased 2%
Relisted 4%
Inventory 51
Median Rent
Market Action 69
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$712,000 1,533 0 - 4,500 sqft 3 3 16 1 1 28
$429,000 1,248 0 - 4,500 sqft 2 2 42 2 2 28
$339,000 854 0 - 4,500 sqft 2 2 42 3 2 21
$220,000 589 0 - 4,500 sqft 1 1 40 2 2 35