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Palm Springs Area Home Sales Increase Again In May

Home sales in the Palm Springs real estate market increased again in May, making for the 11th consecutive month of year-over-year sales increases for the Coachella Valley.

The bulk of distressed property sales including foreclosures and short sales continue to be at sales prices under $200,000 and the foreclosure median price during the last six months for properties sold above $50,000 was just $155,750. During the last six months there were only 21 foreclosure properties sold above $750,000.

Inventory continues to be tight in several price segments as the market looks to be continuing to heal and buyer interest continues to grow.

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