Inventory of Homes for Sale Shrinks to A New Low in July 2013

Not even the Desert's summer heat could stop the influx of home buyers to the Palm Springs area in search of a house or condo to buy. Folks are trying to beat the season's rush of Snowbirds & the anticipated increase in prices due to the higher demand when our Desert Season starts in October.

Inventory of houses & condos for sale in July was at the lowest since January of 2013.  A 29% decrease in the number of homes available for sale, and a 29% decrease in the number of condos available for sale .

The Median Selling Price of houses in the Palm Springs area ( 9 cities & an incorporated area) is up by 34.8% in July 2013 vs July 2012 , while the Average Selling Price  went up by 23.6 % for the same period.

The condos numbers came up too , with the Median Selling Price at 20% up & the Average Selling Price saw an increase of 5.5% for July 2013 vs July 2012 for all combined cities.  But the major cities like Palm Springs , Palm Desert & La Quinta saw double digit increases in the Average Selling Price. You can the full Desert Area MLS chart here ....

If you have questions and would like a pdf copy of the Chart I will be happy to email you a copy.

If you are considering buying a home in Palm Springs, Palm Desert,  Rancho Mirage, Indian Wells or La Quinta, just click on your favorite city to see all the available homes and condos currently available for sale.

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