Real Estate Market : we keep on hearing “It is going to get worse” and the “foreclosures are going to flood the market”.
Well, if I believe the numbers below (and I have to because these are REAL numbers), this is NOT TRUE for Palm Springs and the area.
The numbers of Bank Owned and Short Sales properties have, in fact, decreased all in all. Except for Cities like Indio and Cathedral City (less of resort communities) we can see the percentage of Distressed properties coming down and that means that prices will show more stability or an increase.
Under 6000 active listings is considered Low Inventory, that could mean prices going up ,add to the fact that we are in season .If you are still “not sure” look at the numbers below and call us for showings.