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In November, the Coachella Valley saw a seasonal rise in home prices, with the median price of detached homes increasing to $634,990, up $15,000 from last year. However, the median price for attached homes decreased to $447,000, $8,000 less than the previous year. Year-over-year price changes varied significantly across the region, with Indian Wells experiencing an 11% increase in detached home prices, while La Quinta saw a 7.6% decline.
Sales activity remains below normal, with a 32.1% decrease when adjusted for seasonality. The three-month average sales in November were 472 units, slightly down from 477 units last year. Inventory levels have returned to normal, with 3,187 units available, the highest since 2020. The median selling time has improved to 43 days, just seven days more than last year. Price discounts have stabilized, with detached homes selling at an average discount of 2.1% and attached homes at 2.6%.
For the full report, please click HERE.
If you’re considering buying or selling, please contact me to get more specific data about your particular community or city and how these trends may impact your decision.
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