The Market and Housing reports for December 2020 are attached below for the Palm Springs area and surrounding Cities. They provide an excellent guide as to the growth the Valley is currently experiencing, even with the election.
The December median price for a single family home in the Coachella Valley is 520,000, up 28% from this time last year. The median price for an attached home is $329, 000, up 13% from this time last year. Note the growth in the Palm Springs, Palm Desert, Rancho Mirage and La Quinta areas, with all nine desert cities experiencing a year-over-year growth.
The inventory is 50% less than this time last year across the Valley, before the pandemic. Also attached is the COVID Market Report showing how the cities have changed with the restriction and both buyers and sellers have had to adjust accordingly.