Market Updates

March 14, 2023

Inventory Stabilizes as Home Sales Remain Soft in The Coachella Valley


As we move towards the end of the high season in the Coachella Valley, we seem to be entering a “new normal” in the real estate market, with the inventory at a plateau, sales down compared to this time last year, and a slight dip in average selling prices ...

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Feb. 16, 2023

Buyers Rejoice: More Homes on the Market in The Coachella Valley!


The real estate market in the Coachella Valley has undergone significant changes in January 2023 compared to the same month last year. According to recent statistics, the number of homes for sale has increased by an astounding 215.3%, from 602 in January 2022 to 1,898 in January ...

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Jan. 17, 2023

Coachella Valley Real Estate: Prices Are Stable While Sales Decline



The Coachella Valley real estate market in December 2023 saw some significant changes compared to the previous year. The number of homes for sale increased by 203.6% from 617 in December 2021 to 1873 in December 2022. This increase in inventory is a positive indication of a ...

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Dec. 18, 2022

Coachella Valley Real Estate: Neutral Market Balances Supply & Demand!


The Coachella Valley real estate market has clearly moved into a neutral market with over five months of inventory available. That’s a significant increase from the first half of 2022, where months of inventory were often below one. With more options for buyers and sellers seeing more competition from ...

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Nov. 27, 2022

The Monday Minute - November 28, 2022


The Palm Springs area real estate market had a slow week last week, primarily due to the long Thanksgiving weekend. Our new listings were way down, new escrows were down, and price reductions were down.

The only key stat that was up was the average selling price. Inventory is ...

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Nov. 15, 2022

Buyers to Sellers: Let's Negotiate!



The Coachella Valley real estate market has entered a neutral market! After two years of a hot seller’s market, we are now returning to a balanced market where neither the seller nor the buyer has the upper hand. Everything is NEGOTIABLE! 


We have seen a steadily increasing number ...

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Nov. 14, 2022

The Monday Minute - November 14, 2022


Inventory continues to climb in the Palm Springs area, with 2,171 homes available for sale last week. This is the highest number we've seen all year. New escrows were down 3.7% to 111, and buyer activity continues to trend well below what we saw last year ...

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Nov. 6, 2022

The Monday Minute - November 7, 2021


The Monday Minute is text only this week due to illness. ☹️ COVID got me, but I should be back in business with the video next week. 


New listings are up, and inventory continues to climb as our market shifts out of the aggressive seller's market ...

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Oct. 23, 2022

The Monday Minute - October 24, 2022


This week the inventory in the Palm Springs area rose to its highest number in over 2 years. With that increase in inventory, we saw buyer activity rise as well. 

Price reductions were up over 40% to 359, the highest number we've seen since we started tracking ...

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Oct. 16, 2022

The Monday Minute - October 17, 2022


The Coachella Valley real estate market is moving out of the seller's market, and we may soon see a return to a "normal" market where supply (inventory ) and demand (buyer activity) are more balanced. 

Last week we saw the most significant number of price reductions in the ...

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