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 ...

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 ...

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 ...

Inventory continues to rise in the Palm Springs area, with over three times as many homes available for sale as there were at the beginning of the year. Price reductions topped 300 for the 2nd week in a row, and average selling prices were flat compared to last week.

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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 ...

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 ...

We are seeing another uptick in new homes in the Palm Springs area, with 1,836 homes currently on the market. That's a 3.4% increase over last week. Buyer activity was up 32.4% last week, with 98 new escrows recorded.

Our average selling prices were up ...

The Monday Minute is text-only due to scheduling complications.

New listings were up +13.9% last week, and the number of homes available for sale rose to 1,775, the highest number since January 2021. While part of the increase in inventory is attributed to new homes coming to ...

The Palm Springs area real estate market has remained subdued over the summer months. Inventory has been essentially flat for the last 3 months, and buyer activity is constant, but well below what we saw last year at this time.

Rising mortgage interest rates are giving some buyers pause ...

The Palm Springs area real estate market has been pretty stable over the last two months. But we saw an increase in new listings and inventory this week, partly due to a significant drop-off in buyer activity.

With mortgage interest rates rising, especially for 2nd home purchases, some buyers ...