Market Updates

May 2, 2021

The Monday Minute - May 3, 2021

 

With strong buyer activity and a shortage of new listings, the Palm Springs area real estate market remains very much in favor of sellers. Buyers are competing for the best homes, and most good homes are selling for over asking. Cash buyers are common making it tougher for buyers ...

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April 26, 2021

The Monday Minute - April 26, 2021

The Palms Springs real estate market continues to be good for our sellers. Most homes are getting multiple offers above asking price. Inventory remains low, and that's providing a challenge to buyers who are looking for good homes ... they are just hard to come by in the current market ...

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April 19, 2021

Palm Springs Real Estate Still Selling Fast!

As COVID restrictions begin to ease and more people are getting their vaccinations, we continue to see strong home sales in the Palm Springs area. Today's buyers include younger workers who are seeing permanent changes in their work-from-home status as well as investors looking to diversify their portfolios. Add ...

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April 19, 2021

The Monday Minute - April 19, 2021

The Palms Springs real estate market is very stable right now, with inventory and buyer activity remaining constant week after week. We're not seeing any increase in inventory and buyer activity remains steady. As our winter visitors head home for summer, we'll keep tracking the numbers to see ...

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April 11, 2021

The Monday Minute - April 12, 2021

 

Our seller's market continues in the Palm Springs area, with the number of homes available for sale down by 70% over this time last year. Combined with strong buyer activity, we're seeing multiple offers, selling prices over asking, and cash deals in abundance.

 

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April 4, 2021

The Monday Minute - April 5, 2021

It's becoming tough to find a home in the Palm Springs area right now. The season increase in inventory that we normally see each spring is not happening this year. Will we see more homes on the market once the winter visitors return north for summer? Stay tuned to ...

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March 21, 2021

The Monday Minute - March 22, 2021

The inventory shortage in the Palm Springs area continues as the number of new home purchases is outpacing the number of homes listed for sale. The usual seasonal surge in new listings does not appear to be materializing this year, and if that continues, it could pose real problems for ...

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March 15, 2021

Bidding Wars And Multiple Offers Are The New Norm!

 

By now we all know what COVID-19 has done to our local real estate market. The Coachella Valley has been a primary destination to find relief and warmth from the cold, locked-down city life. As a result, we are seeing an increase in cash buyers and more financing at ...

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March 14, 2021

The Monday Minute - March 15, 2021

 

With the number of homes available for sale in the Palm Springs area runing 70% below normal for this time of year, it's a challenging time for many of our buyers. But we are still finding great homes for our buyers, so call now (760) 625-7229 and let ...

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March 8, 2021

The Monday Minute - March 8, 2021

The latest housing report for Palm Springs was just released, showing 900 homes for sale across the Coachella Valley. Inventory, which normally rises this time of year, remains historically low creating challenges for buyers and opportunity for sellers.

Scroll down to view the charts that accompany this update.

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