Desert real estate market experts, Market Watch LLC, have just released their September 2025 GPSR Desert Housing Report. Some highlights, courtesy of the Greater Palm Springs Realtors®:
COACHELLA VALLEY SEPTEMBER SALES RECOVERY: September Coachella Valley home sales were 32.2% below pre-pandemic September normal home sales (compared to 34.6% in September 2024). September normal pre-pandemic home sales were calculated from September Coachella Valley home sales in the years 2026 through 2019.
COACHELLA VALLEY SEPTEMBER DETACHED HOME MEDIAN PRICE: The September detached home median price in the Coachella Valley was $625,000 (down 2.3% from $635,000 in September 2024). Market Watch commented that the Coachella Valley detached home median price usually hits its seasonal low in Autumn and its seasonal high in the Spring. They were encouraged that detached homes in the Coachella Valley have in general maintained the price gains achieved during the pandemic.
COACHELLA VALLEY SEPTEMBER ATTACHED HOME MEDIAN PRICE: The September attached home median price in the Coachella Valley was $420,000 (down 3.4% from $435,000 in September 2024). Market Watch commented that attached home median prices followed the same seasonal pattern as detached home median prices.
COACHELLA VALLEY SEPTEMBER 12 MONTH PRICE CHANGE FOR THE AVERAGE SIZE HOME BY CITY: In the Coachella Valley in September, changes in the median price of the average size detached home in each city ranged from an increase of 3.1% (increasing to $562,789 from $545,922) for the 1,800 sq ft average size detached home in Cathedral City to a decrease of 16.1% (decreasing to $1,690,053 from $2,013,644) for the 3,450 sq ft average size detached home in Indian Wells. In the Coachella Valley in September, changes in the median price of the average size attached home in each city ranged from a decrease of 2.6% (deceasing to $539,114 from $553,711) for the 1,775 sq ft average size attached home in Rancho Mirage to a decrease of 21% (decreasing to $641,687 from $812,507) for the 1,950 sq ft average size attached home in Indian Wells.
COACHELLA VALLEY SEPTEMBER MONTHLY HOME SALES (3 MONTH AVERAGE): In the Coachella Valley in September, total monthly home sales averaged 539 homes (up 5.9% from 509 average monthly home sales in September 2024). Market Watch explained that because of the seasonality in Coachella Valley home sales, it was difficult to determine where home sales stood on a historical basis. The Sales Recovery data was designed to help distinguish seasonal home sales changes from real ones.
COACHELLA VALLEY SEPTEMBER MONTHLY HOME SALES (12 MONTH AVERAGE): In the Coachella Valley in September, the total monthly home sales averaged (using a 12 month average) 611 homes (up 1% from 605 average monthly home sales in September 2024). Market Watch commented that the housing market needs lower mortgage rates. They added that although inflation has remained low, up until now the Federal Reserve Board had stopped lowering short-term interest rates until the effect of the administration’s new economic policies could be determined.
COACHELLA VALLEY SEPTEMBER HOME SALES BY CITY: In the Coachella Valley, Palm Springs had the highest average September monthly home sales at 115 homes (up 21% from 95 home sales in September 2024), followed by Palm Desert with 101 home sales (down 3.8% from 105 home sales in September 2024), then La Quinta with 78 home sales (down 1.3% from 79 home sales in September 2024). Coachella had the lowest average September monthly home sales in the Coachella Valley at 7 home sales (down 22.2% from 9 home sales in September 2024).
COACHELLA VALLEY SEPTEMBER HOME SALES BY PRICE RANGE: Coachella Valley September home sales were highest for homes priced between $400K and $499K at 97 home sales (up 14.1% from 85 home sales in September 2024). Coachella Valley September home sales were lowest for homes priced between $900K and $999K at 21 home sales (up 10.5% from 19 home sales in September 2024). Market Watch felt that Coachella Valley September home sales were comparable in all price ranges to those in September 2024.
COACHELLA VALLEY SEPTEMBER HOME SALES IN DOLLARS: Coachella Valley September home sales were $424M (up 11% from home sales of $382M in September 2024).
COACHELLA VALLEY SEPTEMBER HOME SALES IN DOLLARS BY CITY: In the Coachella Valley, the highest September average monthly home sales in dollars was in Palm Springs at $93M (up 31 % from $71M in September 2024). This was followed by La Quinta with September average monthly home sales of $77M (up 4% from $74M in home sales in September 2024) and Palm Desert with September average monthly home sales of $68M (down 4.2% from home sales of $71M in September 2024). The lowest September average monthly home sales in dollars was in Coachella at $4M (down 20% from $5M in home sales in September 2024).
COACHELLA VALLEY SEPTEMBER HOME SALES IN DOLLARS BY PRICE RANGE: In the Coachella Valley, the highest September average monthly home sales in dollars was $97M for homes priced above $2M (up 59% from $61M in September 2024), followed closely by monthly average home sales of $88M for homes priced between $1M and $1.999M (down 4.4 from $92M in September 2024). The lowest monthly average home sales in September were for homes priced under $300K at $8M (the same as in September 2024). Market Watch noted that home sales in dollars for homes priced above $1M accounted for 43.5% of all home sales in dollars in the Coachella Valley in September.
COACHELLA VALLEY OCTOBER 1ST HOME INVENTORY: On October 1st , the combined inventory of detached and attached homes for sale in the Coachella Valley was 2,799 homes (up 375 homes or 15.5% from 2,421 homes on October 1st, 2024). Market Watch noted that inventory has been improving and current levels are now comparable to inventory before the pandemic. The seasonal pattern shows an inventory high at the beginning of the year and an inventory low in late Summer.
COACHELLA VALLEY OCTOBER 1ST HOME INVENTORY BY CITY: On October 1st in the Coachella Valley, largest home inventory was in Palm Springs with 615 homes (up 11.4% from 552 homes on October 1st, 2024), followed by Palm Desert with 583 homes (up 30.7% from 446 homes on October 1st, 2024). The lowest home inventory was in Coachella at 39 homes (up 56% from 25 homes on October 1st, 2024). Market Watch was of the opinion that this data could help agents know what cities have homeowners with the greatest selling interest and how this compares to last year.
COACHELLA VALLEY OCTOBER 1ST HOME INVENTORY BY PRICE RANGE: On October 1st in the Coachella Valley, the highest inventory level was for homes priced between $500K and $599K at 471 homes (up 24.9% from 377 homes on October 1st, 2024). The lowest inventory level was for homes priced between $900K and $999K at 120 homes (up 15.4% from 104 homes on October 1st, 2024). Market Watch noted that this data could help to locate what price ranges might be responsible for the growth or contraction of inventory.
COACHELLA VALLEY OCTOBER 1ST VALLEY-WIDE MONTHS OF SALES RATIO: On October 1st, the Coachella Valley’s valley-wide months of sales ratio was 4.6 months (up 15% from 4 months on October 1st, 2024). Market Watch stated that this fundamental ratio, which measures supply and demand, is now above pre-pandemic levels. They felt that while inventory has recovered, because of low home sales, supply was beginning to exceed demand. However, they felt that this should not cause a problem for home prices unless it begins to extend average selling times.
COACHELLA VALLEY OCTOBER 1ST MONTHS OF SALES RATIO BY CITY: On October 1st in the Coachella Valley, the lowest months of sales ratio was 4.0 months in Desert Hot Springs (up slightly from 3.9 months on October 1st, 2024). The highest months of sales ratio was 6.0 months in Bermuda Dunes (up 53.9% from 3.9 months on October 1st, 2024). Market Watch saw consistent months of sales ratios between 4.0 and 5.0 months in most of the nine Coachella Valley cities. Since months of sales is really the supply-demand equation for housing, Market Watch felt that this data showed that the Coachella Valley housing market was becoming supply heavy.
COACHELLA VALLEY OCTOBER 1ST MONTHS OF SALES RATIO BY PRICE RANGE: On October 1st, in the Coachella Valley, the lowest months of sales ratio was for homes priced between $300K and $399K and $400K and $499K both at 4.0 months (from 3.3 and 3.8 months respectively on October 1st, 2024). The highest months of sales ratio was for homes priced over $2M at 7.5 months (down slightly from 7.6 months on October 1st, 2024). Market Watch was of the opinion that since months of sales ratios are really the supply-demand equation for housing, the large increases in months of sales ratios over last year shows supply is starting to exceed demand in almost all price brackets. They added that this hasn’t affected prices yet and most probably won’t until selling times begin to lengthen.
COACHELLA VALLEY SEPTEMBER VALLEY-WIDE DAYS IN THE MARKET: At the end of September, the median number of days in the market in the Coachella Valley was 59 days (10 days more than 49 days in September 2024). Market Watch noted that the median selling time in the Coachella Valley region had been running between 40 and 55 days for over two years.
COACHELLA VALLEY SEPTEMBER DAYS IN THE MARKET BY CITY: In September, the Coachella Valley’s lowest average selling time was in Desert Hot Springs at 45 days (down from 55 days in September 2024). This was followed by Cathedral City at 47 days (up from 34 days in September 2024). Palm Desert had the longest average selling time at 70 days (up from 52 days in September 2024).
COACHELLA VALLEY SEPTEMBER DAYS IN THE MARKET BY PRICE RANGE: In September, the Coachella Valley’s lowest average selling time was for homes priced between $700K and $799K at 47 days (down from 58 days in September 2024). The longest average selling time was for homes priced between $900K an $999K at 71 days (up from 69 days in September 2024). Market Watch stated that it was important to note if any price range had an abnormal number of days in the market. They went on to add that usually selling times increase with higher priced homes. In the current Coachella Valley market, they didn’t see that trend, which they felt was a positive situation.
COACHELLA VALLEY SEPTEMBER AVERAGE PRICE PREMIUM/DISCOUNT: In the Coachella Valley in September, detached homes were selling at an average discount of 2.7% below list price (compared to an average discount of 2.1% in September 2024). Attached homes were selling at an average discount of 3.7% from list price (compared to an average discount of 3.0% in September 2024). Market Watch felt that the premium/discount numbers were back to pre-covid norms.
COACHELLA VALLEY SEPTEMBER AVERAGE PRICE PREMIUM/DISCOUNT BY CITY: Market Watch noted that in general, cities with higher priced homes sell at larger discounts. In September, the lowest price discount in the Coachella Valley was in Desert Hot Springs at a discount of 0% (compared to an average discount of 0.7% in September 2024) The highest price discount was in Rancho Mirage and Indian Wells at an average discount of 5.4% (compared to an average discount of 3.5% and 3.6% respectively in September 2024).
COACHELLA VALLEY SEPTEMBER AVERAGE PRICE PREMIUM/DISCOUNT BY PRICE RANGE: In September, the lowest price discount in the Coachella Valley was for homes priced between $300K and $399K at an average discount of 1.5% (compared to an average price discount of 2.0% in September 2024). The highest price discount in the Coachella Valley in September was for homes priced under $300K at 5.8% (compared to 3.7% in September 2024). Market Watch noted that as a rule, price discounts increase with higher priced homes. However, in the Coachella Valley they noted that the lowest discounts seemed to occur in the mid-range price ranges.
COACHELLA VALLEY SEPTEMBER PERCENTAGE OF HOMES SELLING ABOVE LIST PRICE: In September, the percentage of homes in the Coachella Valley selling over list price was 11.3%. (compared to 14.0% in September 2024). Market Watch noted that the percentage of homes selling above list price in the Coachella Valley was now back to pre-pandemic levels.
THE BRIGGS GROUP | COLDWELL BANKER | Laurie Briggs - DRE# 01896117 | Tim Briggs - DRE# 01898254 | Coldwell Banker Realty - DRE# 00616212