Desert Housing Market Report November 2021

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Market Trends

In November, the median price of a detached home in the Coachella Valley was 615 000 which represents a 12 month gain of 17 1 The median price for attached homes was 389 450 Last November the price was 315 000 which represents a gain of 23 6 The year over year price gains for detached homes in the nine cities range from 44 4 in Bermuda Dunes to 26 2 in Cathedral City Of the larger regional cities, La Quinta and Palm Desert show the largest price increases for attached homes at 43 8 and 36 9 respectively.


Total sales in November averaged 812 units a month, which is considerably less than the 1 120 units last year but above the pre pandemic November average of 693 units Sales of detached homes averaged 563 units compared to 765 which is down 26 Sales of attached homes was 249 compared to 346 which is down 28 Because inventories are so low, unless new listings surge, it’s hard to imagine sales rising much above current levels.

With interest rates inching upward, and experts expecting further rate increases on the horizon, motivated buyers are hoping to lock in their home purchases to take advantage of what are still historically low rates. If you’re ready to make a move, contact us to get your house listed at this optimal moment in time.