Cathi & Ben Walter's Market Report

Palm Desert, CA

Single-Family Homes

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



Palm Desert, CA

Wed Jul 17 2019
This week the median list price for Palm Desert, CA is $539,900 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 287. Click here to stay informed with the Palm Desert market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Palm Desert, CA

Wed Jul 17 2019
This week the median list price for Palm Desert, CA is $539,900 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has held steady at or around 287. Click here to stay informed with the Palm Desert market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Palm Desert market.
Median List Price $539,900
Per Square Foot $242
Days on Market 126
Price Decreased 36%
Price Increased 2%
Relisted 10%
Inventory 287
Median House Rent $3,100
Most Expensive $7,975,000
Least Expensive $205,000
Market Action Index
Slight Seller's Advantage
38

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$1,175,000 3,781 0.25 - 0.5 acre 4 4 20 5 5 196
$624,950 2,547 0.25 - 0.5 acre 3 3 27 8 6 125
$482,620 2,096 6,500 - 8,000 sqft 3 2 25 10 5 99
$349,000 1,542 6,500 - 8,000 sqft 3 2 30 7 12 85