- Source: The Desert Sun/August 23, 2017/Rosalie Murphy
- Coachella Valley home prices rose in July for the 16th consecutive month, climbing 8 percent year over year to a median of $329,500 according to data from real estate research firm Core-Logic DataQuick.
- Resale Single-Family Homes: 570 sales, up less than 1% year over year.
- Median Sales Price: $329,500, up 8% year over year.
- Median Price Per Square Foot: $178, up 3.8% year over year.
- As of July, there was an active inventory of approximately 4 months – meaning this is on the low end of what real estate agents generally consider to be healthy. Resale single family home inventory is expected to increase as “the season” begins in the late fall months.