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: