Cathi & Ben Walter's Market Report
Palm Desert, CA
Single-Family Homes
760.218.5752 | Cathi@DesertAreaHomeFinder.com
Palm Desert, CA
Sat Jun 12 2021
This week the median list price for Palm Desert, CA is $817,000 with the market action index hovering around 82. This is less than last month's market action index of 84. Inventory has increased to 90.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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
| Median List Price | $817,000 | |
| Median Price of New Listings | $674,000 | |
| Per Square Foot | $333 | |
| Average Days on Market | 48 | |
| Median Days on Market | 11 | |
| Price Decreased | 20% | |
| Price Increased | 3% | |
| Relisted | 4% | |
| Inventory | 90 | |
| Median Rent | $3,700 | |
| Market Action | 82 | |
| Strong Seller's Market | ||
Click for more charts
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 |
|---|---|---|---|---|---|---|---|---|
| $4,575,000 | 6,584 | 0.5 - 1 acre | 4 | 5 | 18 | 2 | 4 | 63 |
| $1,014,450 | 2,780 | 0.25 - 0.5 acre | 3 | 3 | 26 | 8 | 10 | 7 |
| $668,000 | 2,146 | 8,000 - 10,000 sqft | 3 | 2 | 38 | 9 | 14 | 7 |
| $425,000 | 1,414 | 4,500 - 6,500 sqft | 3 | 2 | 41 | 9 | 9 | 7 |