Cathi & Ben Walter's Market Report
Palm Desert, CA
Single-Family Homes
760.218.5752 | Cathi@DesertAreaHomeFinder.com
Palm Desert, CA
Fri Oct 30 2020
This week the median list price for Palm Desert, CA is $649,900 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has held steady at or around 193.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $649,900 | |
| Per Square Foot | $282 | |
| Days on Market | 124 | |
| Price Decreased | 27% | |
| Price Increased | 5% | |
| Relisted | 14% | |
| Inventory | 193 | |
| Median Rent | $3,800 | |
| Most Expensive | $10,950,000 | |
| Least Expensive | $205,000 | |
| Market Action | 48 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $1,955,000 | 4,601 | 0.25 - 0.5 acre | 4 | 4 | 20 | 6 | 6 | 176 |
| $898,950 | 3,054 | 0.25 - 0.5 acre | 3 | 3 | 27 | 2 | 8 | 129 |
| $539,000 | 2,228 | 8,000 - 10,000 sqft | 3 | 2 | 22 | 12 | 8 | 72 |
| $349,900 | 1,527 | 4,500 - 6,500 sqft | 2 | 2 | 27 | 11 | 8 | 119 |