Market Updates

July 4, 2022

The Monday Minute - July 4, 2022

 

The video version of The Monday Minute won’t be out this week due to the July 4th holiday, but here’s a quick update on last week’s numbers. 

 

The Palms Springs area real estate market continues its transformation as inventory rises once again, and we now have more ...

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June 27, 2022

The Monday Minute - June 27, 2022

 

We are continuing to see a downturn in buyer activity in the Palm Springs real estate market. We fewer buyers making offers and a consistent set of new listings each week, inventory has hit a new high for the year, with nearly 1,500 homes available for sale across ...

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June 20, 2022

The Monday Minute - June 20, 2022

 

Inventory in the Palm Springs area continues to rise and has hit its highest point in the last two years. We continue to see buyer activity at lower levels than we did last year and that is bringing an end to the rapid rise in selling prices

While home ...

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June 15, 2022

Palm Springs Area Real Estate Market Shift Continues

 

The Palm Springs area real estate market continues to shift as we hit the summer season here in the desert! We are seeing an increase in homes available for sale, a stabilization in buyer demand, and a substantial reduction in the rapidly escalating sale prices we've experienced over ...

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June 12, 2022

The Monday Minute - June 13, 2022

 

Housing inventory in the Palm Springs area rose to the highest number in the last two years. In fact, the number of home available for sale last week were double what they were during the first week of January.

Home sales have dropped off slightly and selling prices are ...

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May 30, 2022

The Monday Minute - May 30, 2022

 

We just had over 1,000 new homes for sale in the Palm Springs area for the third week in a row! And Inventory has been up every week this year so far! The buyer activity has softened a bit, so the market is slowly improving for our buyers ...

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May 23, 2022

The Monday Minute - May 23, 2022

  

We continue to see a rise in inventory in the Palm Springs area real estate market. For the second week in a row, there were over 1,000 homes available for sale in the area, and that trend has continued every week this year.

New listings have remained fairly ...

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May 15, 2022

Palm Springs Real Estate Market Shift Is Happening!

The Palm Springs area real estate market remains strong as we move towards the end of the spring season here in the desert! We are starting to see an increase in homes available for sale, buyer demand is still strong, and average selling prices continue to increase slightly. 

  ...

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May 9, 2022

The Monday Minute - May 9, 2022

 

The real estate market in the Palm Springs area is clearly in flux as we see inventory rise to the highest levels in a year and a half.

New listings continue to rise and we're starting to see more price reductions. All of this combined with a slight ...

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May 2, 2022

The Monday Minute - May 2, 2022

 

With inventory continuing to rise in the Palm Springs area and buyer activity off slightly from normal, we may be witnessing the start of a shift in our local real estate market. 

 

The rapid increase in home selling prices is starting to taper off and the frenzy ...

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