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Palm Desert, CA Housing Market Trends
In June 2025, Palm Desert’s housing market showed modest price growth, with home values rising 3.3% year-over-year to a median price of $599K. However, the market pace slowed significantly, as homes now take an average of 95 days to sell compared to 59 days last year. Sales volume also declined, with 96 homes sold this June versus 120 last year, suggesting a cooling trend despite the price increase. This shift indicates that while demand remains steady enough to support moderate appreciation, buyers are taking longer to commit, and inventory is staying on the market longer, creating more negotiating opportunities for those looking to purchase in Palm Desert.
Palm Desert is not very competitive, with homes typically taking around 75 days to sell and multiple offers being uncommon. On average, properties sell for about 4% below the list price and go pending in roughly 75 days, indicating that buyers have more leverage to negotiate favorable terms. Only the most desirable homes—those in prime locations or with standout features—tend to attract stronger interest, selling closer to the list price and going pending in around 41 days. This slower-paced market provides buyers with more options and time to evaluate properties, making it ideal for those seeking value and negotiation opportunities.
Palm Desert, CA is considered a balanced market in June 2025, meaning the supply of homes is roughly equal to buyer demand, creating stable conditions for both parties. Sellers are less likely to experience bidding wars or significant price jumps, while buyers have more time to compare options and negotiate without the urgency seen in highly competitive markets. Homes are generally selling close to fair market value, with neither side holding a distinct advantage. This equilibrium suggests that pricing trends will likely remain steady, making it an opportune time for buyers seeking reasonable deals and for sellers looking to attract serious, qualified buyers without heavy concessions.
Whether you're ready to buy or just curious about the market, we're here to help. From navigating current listings to understanding local trends, our team is dedicated to making your Palm Desert property journey seamless and stress-free. Don't wait—reach out now and take the first step toward your desert oasis!
Thinking about making Palm Desert your home or just curious about what it has to offer? Dive into our comprehensive neighborhood guide to explore the lifestyle, amenities, and hidden gems that make this desert paradise so special. Whether you're planning to move or simply want to learn more, our guide has everything you need to know!
When you choose The Sabatella Delair Group, you are choosing a team of experienced, dedicated, and passionate real estate professionals who are committed to your success. Contact them today to learn more about how they can help you achieve your real estate goals.
