Wed Jan 20 2021
This week the median list price for Palm Desert, CA is $697,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has held steady at or around 176.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$697,000|
|Per Square Foot||$283|
|Days on Market||118|
|Strong Seller's Market|
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,862,500||5,238||0.5 - 1 acre||4||4||20||3||0||155|
|$934,000||3,124||0.25 - 0.5 acre||3||3||23||3||6||150|
|$559,000||2,181||6,500 - 8,000 sqft||3||3||24||7||11||55|
|$376,950||1,542||4,500 - 6,500 sqft||2||2||28||14||13||109|