Monday, 01 June 2020

Palm Springs Real Estate Market Report - January 2018

Written by Posted On Saturday, 24 February 2018 15:41

The Coachella Valley real estate market is kicking off the New Year STRONG! 

In reviewing the current market statistics for the Coachella Valley housing market, January of 2018 varied from January 2017, Closed Sales are up 4.6%, Pending Sales are up 22% and Active Listings are down 17.6%. The median price was up a whopping 15.1% compared to this same time month last year.

2018 is starting off in much the same fashion that 2017 finished. Inventory continues to decline while the sales activity continues to grow. While the increase in median price year-over-year is significantly higher than the past year's trend, the pending sales should translate into sustained increase in values. 

With anticipated interest rate hikes in the foreseeable future, now is the time to buy and as prices continues to increase, it's a great time to sell. 

 

 

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Mark Kunce

CalBRE# 01458113

Named the #1 Training Organization in the world by Training Magazine in 2015, we’re often described as a training and coaching company cleverly disguised as a real estate franchise. Whether you’re just launching your career, or a top producer looking to break through your next ceiling of achievement, we will help get you there. If you don’t have a California Real Estate License… That’s OK! No previous experience necessary. You can get your California real estate license with the only Official Keller Williams Real Estate School in Coachella Valley!

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