Single Family Homes

90-day stats for Single Family properties in
PALM DESERT, CA 92211 as of November 17, 2017
Median List Price:$521,077Average List Price:$619,768
Total Inventory:207Price per Square Foot:$212
Average Home Size:2,421Median Lot Size:8,209
Average # Beds:3.14Average # Baths:2.96
Homes Absorbed:17Newly Listed:19
Days on Market:155Average Age:20

90-day stats for Single Family properties in
PALM DESERT, CA 92260 as of November 17, 2017
Median List Price:$673,348Average List Price:$1,325,549
Total Inventory:140Price per Square Foot:$265
Average Home Size:2,722Median Lot Size:11,610
Average # Beds:3.37Average # Baths:3.23
Homes Absorbed:12Newly Listed:13
Days on Market:140Average Age:31

Condominiums

90-day stats for Condo properties in
PALM DESERT, CA 92211 as of November 17, 2017
Median List Price:$318,048Average List Price:$342,376
Total Inventory:184Price per Square Foot:$192
Average Home Size:1,682Median Lot Size:n/a
Average # Beds:2.51Average # Baths:2.44
Homes Absorbed:13Newly Listed:14
Days on Market:179Average Age:28

90-day stats for Condo properties in
PALM DESERT, CA 92260 as of November 17, 2017
Median List Price:$313,192Average List Price:$340,598
Total Inventory:166Price per Square Foot:$200
Average Home Size:1,571Median Lot Size:n/a
Average # Beds:2.41Average # Baths:2.21
Homes Absorbed:13Newly Listed:15
Days on Market:160Average Age:38

From Altos Research –

“Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors.

The Market Action Index (MAI) illustrates the balance between supply and demand using a statistical function of the current rate of sale versus current inventory. An MAI value greater than 30 typically indicates a “Seller’s Market” (a.k.a. “Hot Market”) because demand is high enough to quickly absorb available supply. A hot market will typically cause prices to rise. MAI values below 30 indicate a “Buyer’s Market” (a.k.a. “Cold Market”) where the inventory of already-listed homes is sufficient to last several months at the current rate of sales. A cold market will typically cause prices to fall.

Keep in mind that an MAI value close to “30” probably means that the local market is balanced or neutral. So if the MAI for your local market is somewhere between 27-33, then it’s likely to be either a buyer’s market or seller’s market based on the individual street or home area that a particular property is in.