$14.5M  
Over the last 30 days, a confirmed downward trend of new sellers coming into the Palm Springs market continued, with 261 listings in this week's report. Meanwhile, sales rose, with 216 homes selling during the same period. The median sales price rose to $392,500, and there are a fairly average four months of inventory left to be sold.
Comments:

$14.5M  
The number of home sales in the Palm Springs market rose 5.1% to 208 homes over the last 30 days. Within the same time frame, Palm Desert had 172 sales, the most of all cities in the area. A months of inventory number of five reported this week continued a four-week downward trend.
Comments:

The population of Palm Springs is less affluent than average compared to others in California with a median income of $45,242 per household. It's also considered an average city in terms of affordability with a cost of living adjustment score of 114.4. Its three largest zip codes are 92240, 92262, and 92264. Homes in Palm Springs are relatively old with a median age of 34 years. Topping the list of best schools in the city is Cielo Vista Elementary School.
Comments:

$14.5M  
A record 196 homes were sold in the Palm Springs market over the last 30 days, which is a new high going back to July. This is a 16.7% spike and comes on top of an extended four-week steady increase in sales activity. During the same time frame, Palm Desert had the most sales of any other neighboring municipalities with 169. At the same time that sales hit a top, months of inventory fell to five, its lowest point since January.
Comments:

$400K  
In this week's report, the number of homes sold in the Palm Springs market dropped to 165 over the past 30 days, a decrease of 2.9% from last week's report, but still above the monthly average. In comparison, nearby Palm Desert had 154 sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $385,000 over the latest reporting period for Palm Springs, down from $409,500.
Comments:

$8M  
This week in the Palm Springs market, sales inched up to 168 homes sold over the last 30 days, which might be due in part to an established upward trend in price reductions, with 291 being reported in the same time frame. The median sales price rose to $413,500, up from last week's $400,000.
Comments:

$349K  
The Palm Springs market will be heating up, as not only have sales risen this week to 152 homes sold over the last 30 days, but there is a determined upward trend of new listings, with 299 going live in the same time frame. Perhaps due to the new listing numbers, months of inventory is on an eight-week upswing, this week hitting seven months. Palm Springs is still a solid buyer's market due to the availability of such a large amount of remaining inventory, even after the uptick in sales.
Comments:

$479K  
The Palm Springs market was active in this week's report, as the number of sales went up to 146 homes sold over the last 30 days. Within the same time frame, Palm Desert had 147 sales, the most of all cities in the area. Prices are rising in Palm Springs, and the median sales price this period increased from $354,000 to $371,625. Despite the uptick in sales, there are still seven months of inventory left to work through, meaning Palm Springs is still a definite buyer's market.
Comments:

$469K  
Palm Springs is a larger than average city in California with a population of 44,552 residents. Also, it has a lower than average density with 473.4 people per square mile. 92240, 92262, and 92264 are the three largest zip codes in terms of population. It should be noted that 38.4% of the homes in Palm Springs are owned, while 27.0% are rentals. Heading the list of top schools in the city is Cielo Vista Elementary School.
Comments:

$10M  
There were 136 homes sold in the Palm Springs market over the last 30 days. During the same period, the total number of price reductions was 269, the most since June. During the same time frame, Palm Desert had the most price reductions of any other neighboring municipalities with 301. The median sales price climbed to $351,500, up from last week's $337,000. Palm Springs is a definite buyer's market, with seven months of remaining inventory and aided by the rise in price reductions.
Comments:
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