In reviewing the current market statistics for the COACHELLA VALLEY market, MAY of 2018 varied from MAY of 2017.
Closed Sales are up 1.6%, Pending Sales are up 4.6% and Active Listings are down 18.9%. The median price was up 12.3% compared to this same month last year.
Don’t believe the hype that the market slows down during the Summer season.
With payrolls trending upward and unemployment trending downward month after month in an extensive string of positive economic news, demand remains quite strong.
With inventory down and prices rising, it’s an outstanding time to sell your home in COACHELLA VALLEY with less competition on the market.
Given the fact that gradually rising mortgage rates often infuse urgency to get into a new home before it costs more later, COACHELLA VALLEY home buyers need to remain watchful of new listings and make their offers quickly.
Further, with a median price under $400,000 for Southern California, the COACHELLA VALLEY is still an outstanding value.