Coachella Valley Housing Market Trends 2018 Year In Review

Dated: 02/04/2019

Views: 237

It may have been a rocky year for the stock market and parts of the economy, despite slowing price growth in many parts of California, Coachella Valley continues to enjoy relatively robust price growth as the economy remains strong and the labor markets hover near historic lows for unemployment.

The median home price rose 7 percent to $346,317 last year in Coachella Valley. Home sales decreased 1 percent, there were a total of 10,275 homes sold, according to new figures from the California Desert Association of Realtors.

“Prices are rising, but in the second half of the year, the price growth has measurably slowed compared with the first half of the year,” says Lawrence Yun, chief economist and senior vice president of research at the National Association of Realtors. “I think in 2019 we may actually have a year where income growth might finally outpace home prices. I expect home prices to soften to only 2.5 percent growth in 2019.”

Market-wide, inventory levels were down 17 percent. Coachella was the only city where gained the inventory. It increased 17 percent.

After several years of historically low rates, hovering around 3.5 percent, 2018 was the year of the 5 percent mortgage interest rate. Rates hit the 5 percent mark in early October, only to sink back into the 4s in the fourth quarter. The average 30-year fixed mortgage rate is 4.75 percent as of Dec. 20, according to Bankrate data.


Unemployment rates remained remarkably low again in 2018, and wages continued to improve for many U.S. households. It is generally good for all parties involved in real estate transactions when wages grow, but the percentage of increase, on average, has not kept pace with home price increases.

The Federal Reserve sent another clear signal Wednesday that it won't be moving quickly to raise interest rates in 2019, which maybe of little comfort to an already compressed consumer.


Total Housing Market 2018 Overview - Coachella Valley 


Total Housing Market 2018 Overview - Coachella Valley

Total Housing Market 2018 Overview - Palm Springs 

Total Housing Market 2018 Overview - Palm Springs

Total Housing Market 2018 Overview - Desert Hot Springs

Total Housing Market 2018 Overview - Desert Hot Springs

Total Housing Market 2018 Overview - Cathedral City

Total Housing Market 2018 Overview - Cathedral City

Total Housing Market 2018 Overview - Rancho Mirage

Image title

Total Housing Market 2018 Overview - Palm Desert

Total Housing Market 2018 Overview - Palm Desert

Total Housing Market 2018 Overview - Indian Wells

Total Housing Market 2018 Overview - Indian Wells

Total Housing Market 2018 Overview - La Quinta

Total Housing Market 2018 Overview - La Quinta

Total Housing Market 2018 Overview - Indio

Total Housing Market 2018 Overview - Indio

Total Housing Market 2018 Overview - Coachella

Total Housing Market 2018 Overview - Coachella

Team Michael 2018 Year In Review

Image title


When selling your home, it is critical to partner with a real estate professional that has a proven track record and holds themselves accountable to a very high standard.These numbers depict not only the trajectory of our business, but the expertise, dedication and commitment that you will receive.Your property will be sold quickly, with the least amount of hassle and for top dollar. And, the proof is in our numbers. Your home may be worth more than you think. Give us a call for a FREE home valuation at 760-770-1555.

Want to Advertise on this Site?

Latest Blog Posts

Coachella Valley Real Estate Market For May 2019

At this point in the year, we are getting a good sense for how the Greater Palm Springs Real Estate market is likely to perform for the foreseeable future. And although it is not a

Read More

Mary Pickford Estate 19120 Bubbling Wells Road Desert Hot Springs CA

This Mary Pickford estate is only 15 minutes from downtown Palm Springs. Featuring 3 homes on this wonderful, secure gated compound. Add the oversized, 3 stall garage that includes 2 large office

Read More

Consider Cost Not Just Price When You Are Buying A Home In Coachella Valley

As a seller, you will be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price, but

Read More

How To Sell Your Home With Pets In Coachella Valley

We love our pets. And pet ownership is on the rise. Sixty-eight percent of U.S. households, or about 85 million families, own a pet, according to the 2017-2018 National Pet Owners Survey conducted

Read More