Home Sales Decline in Palm Springs Real Estate Market

The Palm Springs remained below its 12-month average sales volume this week as sales slid 7.5% to hit 135 homes sold over the last 30 days. Meanwhile, close-by Palm Desert reported 114 homes sales, the highest number from all the surrounding cities. Potential buyers should note that prices are coming down in Palm Springs, and for this period the median sales price slid from $326,500 to $319,000. With decreasing sales and the availability of seven months of inventory, Palm Springs is a solid buyer's market.

If you're looking for a more established home, then be sure to see these listings in Palm Springs that were built before most others in the market:

$1.2M   $3M   $4M  

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

Demographic facts about Palm Springs:

  • The population growth rating is 73. (Scale: 1 = Worst, 100 = Best)
  • The ratio for physicians is 114.0 for every 100,000 people.
  • This area has a health cost index score of 102.2. (100 = national average)
  • 74.7% of the residents travel to work in an automobile, 10.4% via carpool, and 2.2% by way of public transit.

Data reported through 1/11/2017


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