Main Content

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.

monthly newsletter sign up

    Please prove you are human by selecting the Key.