Exploring the impact of declining sales and shifting trends.
In today’s fall real estate market update, we’ll dive into the latest trends in the Coachella Valley. Over the past few months, the region has witnessed a decline in home sales, with October numbers showing a decrease of 53 units compared to the previous year. The 12-month average reveals a 25% drop in sales year-over-year. This shift in the market landscape has implications for both buyers and sellers. Stay tuned as we explore the factors influencing these changes, from interest rates to inventory levels, and what they mean for those looking to buy or sell their homes in the Coachella Valley.
Feel free to watch the full message above or use these timestamps that will direct you to various points in the video:
0:00 — Introduction
0:56 — Sales vs historic norms
1:47 — Seasonality of the market
2:16 — Valley inventory
2:44 — Price and price per square foot
3:13 — Median selling time
3:36 — Breaking it down for buyers and sellers
4:36 — Wrapping up
It’s more important than ever to work with an experienced, seasoned agent, and we’d like to apply for the job. If you’d like to speak about your unique situation or talk about the market dynamics for your home and what you might need to do to get it sold, give us a call, text, or email—we’d love to talk to you. If you have any other real-estate-related topics or questions that we can answer, please reach out with those as well.