Real Estate Market in Palm Springs and the Desert Cities?


As a Realtor in Palm Springs for over a decade, and covering the cities of Palm Springs Proper, Rancho Mirage, Palm Desert, Indian Wells , La Quinta and Sun City Dell Web : I must say that I have to “keep quiet” and wait to see what really is going to happen.
The media and the “gurus” in the industry keep on telling us “increase in prices – it’s coming”. OK I am not crying or screaming (though I don’t see yet) but what I am seeing is that the inventory IS NOT LOW 3321 homes on the market compared to 2708 last October (see the numbers that for our resort Cities of the Desert, the number of Canadian Buyers who were 80% of our business in the last 4 years , are not there (their $$$ is now lower than ours and they have to ‘digest this new situation). So a fair inventory and less potential buyers HUM! the increase in price might just take a little longer!
But I am quiet and waiting to see what will happen in the next few weeks!

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