Cathi & Ben Walter's Market Report

Palm Desert, CA

Single-Family Homes

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



Palm Desert, CA

Fri Jul 10 2020
This week the median list price for Palm Desert, CA is $589,000 with the market action index hovering around 36. This is an increase over last month's market action index of 34. Inventory has held steady at or around 287. 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

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

Fri Jul 10 2020
This week the median list price for Palm Desert, CA is $589,000 with the market action index hovering around 36. This is an increase over last month's market action index of 34. Inventory has held steady at or around 287. 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

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 $589,000
Per Square Foot $264
Days on Market 141
Price Decreased 28%
Price Increased 1%
Relisted 10%
Inventory 287
Median Rent $3,450
Most Expensive $11,995,000
Least Expensive $240,000
Market Action 36
Slight Seller's Advantage

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
$1,850,000 4,234 0.25 - 0.5 acre 4 4 20 2 2 220
$779,000 2,751 0.25 - 0.5 acre 3 3 26 5 12 141
$499,450 2,125 6,500 - 8,000 sqft 3 2 23 6 15 104
$337,000 1,526 4,500 - 6,500 sqft 2 2 27 18 18 99