The Munselle Group

Palm Springs, CA 92262

Condos/Townhomes

www.themunsellegroup.com| 760-772-2411



Palm Springs, CA 92262

Sat Jul 11 2020
This week the median list price for Palm Springs, CA 92262 is $278,250 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 116. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Sat Jul 11 2020
This week the median list price for Palm Springs, CA 92262 is $278,250 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has held steady at or around 116. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $278,250
Per Square Foot $254
Days on Market 96
Price Decreased 26%
Price Increased 3%
Relisted 7%
Inventory 116
Median Rent $1,900
Most Expensive $919,000
Least Expensive $120,000
Market Action 36
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
$489,900 1,650 0 - 4,500 sqft 2 2 15 3 4 143
$335,000 1,240 0 - 4,500 sqft 2 2 41 3 6 66
$239,000 1,067 0 - 4,500 sqft 2 2 36 1 2 91
$149,000 589 0 - 4,500 sqft 1 1 38 1 4 81