The temperatures are not the only numbers climbing in Sunny Palm Springs California. At the midway point of 2017 the numbers show some impressive gains. The Median price for a single family home has risen to $380,000. While the sales of homes is up 16.2% in just the last three months! The average time on market has dropped to 74 days from 89 just last year. Sales of Homes Priced $300-$400K have surged 25% and Luxury homes over $900K are up 20%. In fact the evenness of the sales is quite noticeable. There are not really dead price ranges right now. Finally, the "months supply of Inventory" - how many months our current inventory would last if no new homes were listed for sale, has dropped from just over 6 months to just over 4 months. Clearly, there is a demand for homes in th...
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