Palm Springs Real Estate Market Sees Sales Down

The Palm Springs market slowed with a 4.0% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 152.7 monthly average with 143 homes sold. In comparison, nearby Palm Desert had 106 sales in the same time frame, the most of all neighboring cities. Prices are falling in Palm Springs, and this period the median price of all sales fell from $357,000 to $345,000. With decreasing sales and the availability of seven months of inventory, Palm Springs is a definite buyer's market.

Any of these new listings in Palm Springs could be your dream home, so be sure to check them out:

$649K   $209K   $117K  

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

Demographic facts about Palm Springs:

  • There are 34.6% vacant homes.
  • Average number of sunny days is 269 per year. (U.S. average: 205)
  • For every librarian there are 3,978 students in this area. (803 = national average)

Data reported through 12/21/2016

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Ask a local expert about this area:
Keller Williams Beverly Hills
Snapped 182 homes in this area
Shane Zuspan
Snapped 9 homes in this area
HomeSmart Professionals
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