June 2019 Palm Springs Housing Report

Dated: 07/10/2019

Views: 136

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.

Image title

Image title

Image title


Image title


Blog author image

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....

Want to Advertise on this Site?

Latest Blog Posts

3D Tour For 28 Sierra Madre Way Rancho Mirage CA 92270

Please take a few minutes and look at this this upgraded home home in Country Club Estates, Rancho Mirage.Location, Location! One of the best locations in Country Club Estates. This is one of two

Read More

Priced To Sell Stunning 3 Bedroom Home In Rancho Mirage Home

Just Reduced (🔥again🔥)!EDGY, Eclectic, Fun, Pesonality+ ....experience this exceptional remodel done with contemporary flair from polished concrete floors throughout to imported woods and deep

Read More

Buyers Guide To Cathedral City CA July 2019

Looking to move to Cathedral City, California? Let’s start with the basics: Cathedral City is located in Riverside County. It has a population of 53,700, and we have a graph below that shows

Read More

July 2019 Palm Springs Housing Report

The Valley's median detached home price in July reached $417,500, which is 4.4% above a year ago. The attached home price index for the Valley ended July at $285,000, which is a gain of 1.9%.

Read More