Palm Springs Area Real Estate Market Report: January 2013 vs. January 2012
The Average Selling Price of Houses is UP by 27% & 11.9% for Condos when comparing January 2013 vs. January 2012 The Real Estate Market in Palm Springs and all Desert Cities has been very active with buyers converging on the Desert from Canada, Europe and the cold States with the intention of finding vacation homes, or relocating while the real estate prices are still reasonable. According to the latest Real Estate Market Report just published by the Desert Area MLS, the Median Selling Prices have gone to new heights when compared to January 2012. This January the report shows the Median Selling Prices are up by a whooping 43.3% for houses, and a 29.9% for condos , and the Inventory is low especially in the popular cities $amp; desirable communities. Which Desert Cities had the highest increase or Decrease? Palm Desert saw the highest average selling price increase of 53.9% for single family homes, followed by Palm Springs with an increase of 18.1%. Palm Springs came in fi