Cathi & Ben Walter's Market Report

Palm Desert, CA

Single-Family Homes

www.DesertAreaHomeFinder.com | 760-218-5752 | Cathi@DesertAreaHomeFinder.com



Palm Desert, CA

Tue Oct 15 2019
This week the median list price for Palm Desert, CA is $515,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 345. 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.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Palm Desert, CA

Tue Oct 15 2019
This week the median list price for Palm Desert, CA is $515,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 345. 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.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $515,000
Per Square Foot $233
Days on Market 100
Price Decreased 26%
Price Increased 3%
Relisted 9%
Inventory 345
Median House Rent $3,300
Most Expensive $7,975,000
Least Expensive $44,900
Market Action Index
Slight Seller's Advantage
38

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
$1,141,150 3,463 0.25 - 0.5 acre 4 4 21 9 5 177
$619,000 2,478 8,000 - 10,000 sqft 3 3 21 9 10 102
$438,500 2,009 6,500 - 8,000 sqft 3 2 23 15 8 77
$275,000 1,527 4,500 - 6,500 sqft 2 2 36 10 8 43