Homes Prices Up , Inventory Down in the Greater Palm Springs
Finally after all the negative news about housing and prices, the trend in greater Palm Springs show some pretty good signs of home prices going up , and the inventory going down . We saw median home prices of sold homes going up month over month in 2012. In January 2012 the median sold price was $168,000 and has been rising ever since, the May 2012 median price was $220,000 , and I see the trend continuing based on the fact that inventories of available homes is down to 3.3 based on listings, and 2.9 based on pending sales. Below is a snapshot of the May 2012 report , see the full report here If you are interested in receiving a report for a specific city in the Palm Springs area, or for a specific community, you can request report here and I will be glad to generate it for you. Find and View homes, condos and luxury homes for sale in Palm Springs and all Desert Cities here For Immediate Assistance call me at 760-600-6187