Here's an interesting article from the Wall Street Journal. Read it HERE for a good perspective on the current market. We all know that real estate is local. I think it's too soon to make a similar assessment about the Palm Springs real estate market, especially over the long term. We are seeing price increases and a low inventory of homes for sale. If our low inventory remains, I think it's safe to look for continued price increases. Buyers who see value in a home are snapping them up fast. Those listings that aren't perceived as good value stay on the market, even with the low inventory. It can be challenging for buyers and sellers!
If you're looking to buy or sell, contact me at 760.902.3121 or at RussellHill@dc.rr.com and we can talk in more detail about our local market.
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