Market Updates

Aug. 13, 2019

Home Sales Are Up, Driven By An Increase In Inventory

Summer sales activity in the Palm Springs area remains strong, and reversing our trend of fewer homes sold that we've experienced over the last few months, we saw home sales rise (+0.9%) overall in July. That may be partly due to the increase in the number of homes ...

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July 15, 2019

Strong Buyer Activity Pushes Prices Upward!

Summer sales activity in the Palm Springs area is the strongest many can remember in quite some time. Buyer activity is strong, and while our lower summer inventory is resulting in fewer sales, the average selling prices for homes rose again this month, with home prices rising in all cities ...

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June 17, 2019

Homes Are Selling Faster, Prices Are Trending Up!

We continue to see strong home sales activity in the Palm Springs area, with home prices continuing their upward trend while homes are selling faster than they were at this time last year. Inventory was up over last year — just barely — for the first time in many months ...

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May 13, 2019

Our Hot Market Continues … Homes Are Selling Fast!

 

The Palm Springs area real estate market remains strong as we head into the summer selling season. While inventory is still slightly below this time last year, buyer activity is still strong and homes are selling quicker than they did this time a year ago. While fewer homes are ...

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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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