Sales are up in Palm Springs!!

Yep, believe it or not!

The California Association of Realtors (CAR) reported today that sales in the Palm Springs area are up 16.4% from last month....good news!  Although sales are down from the same period last year, at least things seem to be recovering from the mortgage difficulties from this past August. Although home sales are lower then at this point last year, the Palm Springs market is doing 10% better then California's statewide figures. 

Palm Springs and the Coachella Valley ontinues to be affordable by California's standards, having a lower median price for homes. 

 The majority of homes sold are in the $200,000 to $400,000 price range - which tanslates to great buys on condos!!  The over $1 million market remains steady still.

Although September was a slow sales month, the October news is certainly progress.  We're moving into our main season here too, so hopefully that will produce highe sales numbers as well.  December is seasonally slow for real estate here, but we're looking for the market to pick up a little bit with the main season, January to March.  Per CAR, economists are predicting the economy should still remain strong through 2008 - Interest rates still remain low! Still a buyers market and sellers are  more negotiable then they've been in years.

If you find the home of your dreams, now is definately a good time to buy here in Palm Springs.