Palm Springs, CA Market Report for the week of July 23, 2012

The median list price in PALM SPRINGS PROPER, CA 92264 this week is $711,000.

Inventory has been lightening lately and the Market Action Index has been trending up. Though days-on-market is increasing, these are mildly positive indications for the market.

Supply and Demand

Home sales have been exceeding new inventory for several weeks. While still a Buyer’s market, prices seem to have responded by moving upward. If the demand trends continue, expect prices to keep marching upward, especially once we see a Seller’s Market.

Price

Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we’ve seen a nice run recently.

For additional information regarding Palm Springs single family homes, CLICK HERE.  Interested with Palm Springs Real Estate & Its prestigious Golf golf communities? Search for Palm Springs Homes OR Just call Claudine @ (760) 799 5308  or Email  her @ info@claudinereal.com

 



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