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. Click here to stay informed with the Palm Desert market!

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.

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. Click here to stay informed with the Palm Desert market!

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

Never miss important changes in the Palm Desert market.
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

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