Strong buyer demand in the face of a constrained supply of homes for sale continues to be the story again this month.
With the inventory of homes for sale in Coachella Valley still constrained, a competitive market for buyers shows little sign of waning.
At the end of August, the median Valley detached home price was $495,000. This is 20% higher than last year. The median attached home price in August was $289,000, up 4% from a year ago. La Quinta is doing extraordinarily well, not only price-wise, but also in growing sales.
Valley inventory continues to establish new historic lows. On September 1st there were only 1,959 homes for sale.