Market Updates

April 15, 2019

A Sizzling Summer Selling Season Is On The Horizon!

There is a clear trend in our local real estate market over the last five months… and its good news for sellers while providing some challenges for our buyers.

 

Trendvision’s® most recent year-over-year, March 2019 vs. March 2018 Report shows (-6.7%) fewer homes sold last month and inventory ...

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March 14, 2019

Homes are Selling Faster, and Selling Prices are Up!

 

For the fourth month in a row, the number of homes sold was down across all price bands and in all cities in the Palm Springs area, while inventory woes have eased a bit. There are still fewer homes on the market priced in the upper and lower price ...

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Feb. 16, 2019

It’s A Trend … Palm Springs Area Sales Are Down, Prices Are Up!

 

If three months in a row makes a trend, we have a clear new trend in our local housing market. The number of homes sold fell for the third month in a row in the Palm Springs area, and inventory is now at a 10-year low. While there are ...

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Jan. 15, 2019

Palm Springs Area Home Sales Are Down, but Selling Prices Are Up

For the second month in a row, we’re seeing a familiar story … inventory constraints are easing slightly, selling prices are continuing their upward trend, but fewer homes are selling. 

 

Inventory, which had been down as much as (-25%) over last year, is only down (-11.1%) in ...

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Dec. 14, 2018

More Palm Springs Area Homes for Sale, But Sales Are Down

Home Sales Down, Inventory Woes Ease, Sale Prices Continue Their Rise!

December is often the slowest month for home sales in the Palm Springs area, and we’re starting to see the typical slight downturn in sales that comes as many of our buyers turn their focus to family for the ...

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Nov. 14, 2018

Palm Springs Area Home Prices Continue to Rise!

 

Inventory Constraints Continue to Ease, Sale Prices Continue to Rise

As we enter into our busiest time of year, we are seeing modest improvement in inventory levels, solid sales numbers, and a continued rise in average sale price.

 

Inventory constraints showed improvement this month, with the number of ...

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Oct. 12, 2018

Home Sales Remain Strong Going Into High Season!

Inventory Shortages Eased a Bit, But Strong Sales Continued Last Month

While inventory was still (-15%) below September of last year, that number is an improvement over the (-25%) we’ve been experiencing over the last few months. At the same time, sales softened slightly, while average selling prices continued to ...

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Sept. 14, 2018

Fundamentals of a Seller’s Market Are Still In Play

Summer Heat Took a Toll on Palm Springs Area Home Sales, But There is More to The Story

Trendvision’s® most recent year-over-year, August 2018 vs. August 2017 Report show that home sales increased on average by (+5%) for mid-range homes priced $500,000 to $999,999. 

The two other ...

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Aug. 14, 2018

Low Inventory is Pushing Palm Springs Area Home Prices Higher

Our Palm Springs area neighbors are staying put, and with fewer homes on the market, home buyers are willing to pay more to live here.  

The July 2018 vs. July 2018, Trendvision ® stats are out and all indicators point to two key facts: 

  1. First, the Number of ...
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July 14, 2018

It’s Smooth Sailing for the Palm Springs Area Home Market

With No Foreseeable Headwinds, it's Steady as She Goes 

Trendvision’s® most recent June 2018 vs. June 2017 market statistics indicate that Coachella Valley’s Average Sales Prices were up 3.4% for homes priced from $500,000 to $999,999 and down -16.3% for homes under $499,999,  ...

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