June 2019 Palm Springs Housing Report

Dated: 07/10/2019

Views: 174

The Coachella Valley real estate market kicks off the summer in a big way!

In reviewing the current market statistics for the Coachella Valley market, June of 2019 varied from June of 2018. Closed sales are down 5.7%, Pending Sales are up 8.8% and Active Listings are down 1.2%. The median price was up 10% compared to this same month last year. While this double-digit increase in price the month is only indicate of one month. we can not lose sight that it is June and flies in the face of the myth that the market slows down in the Summer. 

While the sale rate is down, the inventory has also shrunk which equates to the rate of demand being the same. Simple translation = it's a very active market and if there is any leve of softening, it will be minimal.

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Michael Hilgenberg

Michael has over 40 years in the Real Estate industry. He developed one of the top producing Teams in the Palm Springs area, ranking in the top 25 Teams in Keller Williams International. Michael is cu....

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