The Monday Minute

Jan. 23, 2022

The Monday Minute - January 24, 2022

 

We just experienced the lowest number of homes for sale in the Palm Springs area since we started tracking the weekly numbers! Inventory is tight, and buyer activity remains strong, so there's never been a better time to list your home for sale!

Buyers are struggling, but we ...

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Jan. 16, 2022

The Monday Minute - January 17, 2022

 

We had a good week of new listings, but an increase in new escrows resulted in inventory remaining flat. Inventory remains near record lows and buyer activity remains strong in the Palm Springs area.

We are watching inventory trends every week to find out if we will see an ...

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Jan. 9, 2022

The Monday Minute - January 10, 2022

After a dramatic slowdown in activity in the Palm Springs area real estate market over the holidays, we have an uptick in new listings, new escrows, and average selling price. 

Will we continue with near-record low inventory and a strong seller's market as we did for most of ...

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Jan. 2, 2022

The Monday Minute - January 3, 2022

 

Inventory in the Palm Springs area was at a record low last week, with only 612 homes for sale in the entire Coachella Valley. The strong seller's market continues as we start the new year and there's really nothing on the horizon to change that trajectory.

When ...

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Dec. 26, 2021

The Monday Minute - December 27, 2021

The Palm Springs area real estate market continues to be a strong seller's market. New listings, new escrows, and closings are down compared to last week. And average selling prices are still on the rise. 

But how do those numbers compare to December of last year? Find out ...

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Dec. 19, 2021

The Monday Minute - December 20, 2021

The number of homes available for sale in the Palm Springs area dropped below 700 last week! With record low inventory, it's becoming a real challenge for buyers in this market.

Sellers are doing well with most homes selling for over asking price with multiple offers.

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Dec. 12, 2021

The Monday Minute - December 13, 2021

 

Inventory woes show no sign of letting up in the Palm Springs area as we move into the holiday season. We are seeing drops in new escrows primarily because there is not a sufficient supply of homes to meet buyer demand.

Most homes are still receiving multiple offers and ...

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Dec. 5, 2021

The Monday Minute - December 6, 2021

Once again we have fewer than 800 homes available for sale in the entire Palm Springs area. This is 60% fewer than what we would see in a normal market.

As a result, buyer activity is lower than normal and home prices are continuing to rise.

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Nov. 28, 2021

The Monday Minute - November 29, 2021

 

The Palm Springs area real estate market experienced a dropoff in activity this week! New escrows were down, new listings were down, inventory was down! The only thing that was up was average selling prices.

 

Scroll down to view all of the charts from this update.

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Nov. 14, 2021

The Monday Minute - November 15, 2021

 

Lots of indicators in the Palm Springs area real estate market that could indicate a cooling down of the market. Listings are down, inventory is down, new escrows are down as are closed transactions.

But average selling prices are slightly up. We'll be watching the trends as we ...

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