June 2019 Palm Springs Housing Report

Dated: 07/10/2019

Views: 57

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


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

June 2019 Palm Springs Housing Report

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

Read More

Reduced Again Sunning 3 Bedroom Pool Home In Rancho Mirage Home

Just Reduced (🔥again🔥)!ECLECTIC is this private mini estate high in the cove. From the moment you walk into the private courtyard you feel the ambience; the Zen. Polished concrete floors,two

Read More

Just Listed 29 San Juan Drive Rancho Mirage

92270, Rancho Mirage California - Don't miss this tropical oasis in the desert in intimate mission wells. This gorgeous, upgraded residence from the gated courtyard entry to a gourmet kitchen

Read More

Cathedral City Approves Temporary Moratorium On Short Term Vacation Rental

The moratorium approved by the City Council on Wednesday evening will halt new short-term vacation rental applications for at least 45 days in Cathedral City while the city looks at how it can

Read More