A full market update and analysis for the Coachella Valley market.
The real estate market in the Coachella Valley has seen some interesting trends in recent months. For instance, while sales are down compared to pre-pandemic levels, there were over 700 sales in the area last month alone, with the three-month average of sales rising to 545 units per month from 449. This increase in sales is largely seasonal, and it is expected to continue for a few more months. Today we’ll go over a comprehensive analysis of the Coachella Valley market and the trends we’re seeing.
Feel free to watch the full message above, or use these timestamps that will direct you to various points in the video.
0:00 — Introducing today’s topic
0:40 — Median detached home prices
1:20 — Inventory levels
2:05 — Pricing for average-sized homes
2:45 — Months of sales
3:15 — Days on market
4:00 — What does this all mean for buyers and sellers?
5:25 — Wrapping up
If you have any questions, don’t hesitate to reach out to us by phone or email.