Thinking about selling your home in the Coachella Valley? Here's a snapshot of the Desert Housing Report brought to us by the California Desert Association of Realtors (CDAR) and the Greater Palm Springs Realtors (GPSR). let's delve in and explore market trends that could influence your decision:

Prices

- Detached Homes: The median price for a detached home in March was $700,000, up 2.2% from last year.

- Attached Homes: The median price for an attached home was $500,000, up 8.7% from last year.

- City Variations: Prices have varied across cities, with Indian Wells seeing a 21.7% gain, while Desert Hot Springs experienced a 5.9% decline.

Sales

- Overall Trend: Sales have been strong, with a 10% increase compared to last year.

- City Highlights: Indian Wells and Palm Springs saw the largest sales increases, at 49% and 23% respectively.

Inventory & "Months of Sales" Ratios

- Current Inventory: As of April 1st, there were 2,450 units for sale, the highest since June 2020.

- Months of Sales: The Valley's "months of sales" ratio was 3.9 months, indicating a balanced market.

- Price Range: Every city but Coachella has a ratio over three months, with four cities having ratios over four months.

Days in the Market (DIM)

- Median Selling Time: The median number of days on the market was 42 days, two days less than last year.

- City Variations: Coachella has the shortest median selling time for detached homes at 31 days, while Bermuda Dunes leads in the attached market at 16 days.

Price Discounts/Premiums

- Over List Price: 14.1% of homes sold over list price in March.

- Discounts: All cities are selling detached homes at an average discount, ranging from .7% in Desert Hot Springs to 4.1% in Bermuda Dunes.

- Premiums: There are currently no average selling premiums.

Conclusion

The Coachella Valley real estate market remains robust, with steady price growth and healthy sales activity. If you're considering selling your home, now could be a great time to capitalize on the market's strength. For more in-depth information on the Coachella Valley housing market take a look at the entire Desert Housing Report. And to explore the current value of your home, visit our website. Empower yourself with knowledge as you embark on this exciting journey in the vibrant Coachella Valley real estate market.