The latest Desert Housing Report for January definitively said that the housing market has shifted to a buyer’s market, in Palm Desert, inventory is up considerably compared to the year before and highest in the valley.
The median price of an average-sized detached home in the Coachella Valley last month was $675,000 a 3% drop compared to January 2025, attached homes decreased 2% year-over-year to $495,000.
Detached home prices in Palm Desert fell to $723,000 last month, that’s the steepest year-over-year drop in the valley at 3.5%. Attached home prices fell 3.6% to $517,000.
Indian Wells, La Quinta, and Bermuda Dunes each saw an increase in detached home prices compared to the year before.
Palm Desert recorded 125 sales during the three-month period ending in January, a slight increase from the year before and the highest in the valley. Homes in Palm Desert were selling in an average of 50 days, up from 39 days in 2025.
In Palm Desert homes were selling about 3% under list price compared to 2.6% under list price last year.
Homes valleywide are on average selling below list price. In Bermuda Dunes, the average price discount was highest at 5.2% and Desert Hot Springs had the lowest average price discount at 1.6%.
At the end of January, Palm Desert had 803 homes listed for sale, up considerably from 678 a year ago and the highest number of units for sale. Valleywide, 3,488 homes were up for sale at the start of this month, a 3% increase in the number of homes on the market.