Desert Market Overview 2019 Q2 YTD

Dated: 07/22/2019

Views: 76

Dear Friends,

I am pleased to share with you the Desert Market Overview 2019 Q2 YTD (First 6 months).

Some Highlights:

  • Overall # of properties active on the market down 1%

  • Properties under contract down 5%

  • 5,759 units sold first 6 months down 7%.

  • Median price up 5% to $372,167

  • Valley Supply of listing inventory Properties for sale 4-month supply maintaining Seller’s Market

In my 30 + years real estate experience in the Desert appreciation has maintained at a 4-6% average.

The one community that has exceeded the high market value in 2006 is Palm Springs while other desert communities have recouped between 75%-80% of their 2006 highs.

If you know of someone looking to buy, sell or invest in our Desert Paradise or any other destination worldwide our local and international network of real estate services is available with one call: 760-770-1555.  We look forward to being of service.

Thank you.

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Michael Hilgenberg

Michael has over 40 years in the Real Estate industry. He developed one of the top producing Teams in the Palm Springs area, ranking in the top 25 Teams in Keller Williams International. Michael is cu....

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