Rancho Mirage Real Estate Market Continues Streak in Price Cuts

Sales in the Rancho Mirage market fell to 50 homes sold over the last 30 days, while the number of sellers reducing their list prices reached 90, which continues a confirmed upward trend in price reductions. While price reduction numbers rose, sale prices dropped. This week's reported median sales price of $404,500 continued a four-week downward trend. Rancho Mirage is a strong buyer's market, due to falling prices and a large 11 months of inventory left.

If you are curious about inexpensive homes in Rancho Mirage, start off by checking out these great listings:

$116K   $119K   $124K  

Get started right now by checking out Rancho Mirage homes for sale or reviewing Rancho Mirage real estate trends.

Demographic facts for Rancho Mirage:

  • The average age of houses in this area is 24 years old.
  • The rating in which jobs are expected to grow is 80. (Scale: 1 = Worst, 100 = Best)
  • The average expenditures for each student in the area is $4,699. ($5,691 = national average)

Data reported through 10/12/2016

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Bennion Deville Homes
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