We’ve got some Palm Springs housing market data fresh off the press just for you!
(photo by Darlene)
For the tenth consecutive month this April, Coachella Valley’s real estate sales have been higher each month than they were the year before. Additionally, sales have been continually rising month by month since July 2008.
California’s new home credit took affect in March, resulting in 76 new home sales in Coachella Valley. With regards to existing home sales, the data reveals that sales have been 50 percent higher each month when compared to the same month one year ago.
So what does all this data mean to you? It means that investors have come back to the market. It also means if you’re reading this and looking to sell your home, don’t over-analyze the data and try to up the asking price of your home. For hesitant buyers, don’t be afraid to look for the good deals out there. The bottom line? The housing market is recovering.
Interested in buying or selling a home in the Coachella Valley area? Contact Patrick Stewart Properties.
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