Home Sales Fall in Palm Desert Real Estate Market

The Palm Desert market pulled back with a 5.8% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 121.7 monthly average with 114 homes sold. On the other hand, close-by Palm Springs registered 135 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $282,000 over the latest reporting period for Palm Desert, down from $290,000. Palm Desert is a definite buyer's market, thanks to a big eight months of inventory to choose from and a pullback in sales.

Looking for adequate space in your home? Check out these listings in Palm Desert that provide large living areas:

$4.5M   $5.9M   $2.5M  

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

Demographic facts for Palm Desert:

  • The average elevation is 189 feet.
  • The median income per household is $57,604 in the area.
  • The student per counselor ratio in this area is 983:1. (513:1 = national average)

Data reported through 1/11/2017

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Bennion Deville Homes
Triumphant Properties
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