Market Updates

Nov. 15, 2019

Palm Springs Area ... Listings Down! Sales Down! Prices Up!

For a couple of months, it seemed as though our inventory levels were returning towards normal and it looked like we might be returning to our typical market for the season. But we now see another month with inventory levels below the same time last year, with fewer home sales ...

View More
Oct. 11, 2019

More Homes Sold In The Palm Springs Area In September!

It’s official … our seasonal visitors are quickly returning to the desert and we are fast entering the prime selling season here in the Palm Springs area. The transport vehicles are dropping off cars from the north, the Costco is busy with visitors stocking their winter homes for the season ...

View More
Sept. 11, 2019

Home Sales Return to Normal & Price Gains Continue

 

With our summer selling season coming to an end, we continue to see strong buyer activity and home sales in the greater Palm Springs area as we move into the high season. Home sales, which had been below normal for this time of year most of the summer, have ...

View More
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 ...

View More
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 ...

View More
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 ...

View More
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 ...

View More
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 ...

View More
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 ...

View More
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 ...

View More