Coachella currently leans toward sellers, with the market gauge pointing to a seller’s market. Months of supply is at 3.2, indicating inventory is limited but not extremely tight. Typical home value over the latest rolling three-month period is about $450,000, while the median list price is notably higher.
Looking at this rolling three-month view, prices have softened compared with last year, as the typical home value is down around 6 percent year over year even as the median list price is up about 11 percent. Buyer activity has strengthened significantly, with homes sold jumping roughly 75 percent and pending sales up nearly 50 percent from a year ago, even though new listings are only slightly higher.
Homes are taking about 38 days to go under contract in the current period, a slower pace than some earlier years, and roughly one in five properties is selling above the asking price. Active listings are holding close to last year’s level, which, together with rising sales, keeps conditions tilted in favor of sellers. With these mixed signals on pricing, inventory, and speed, buyers and sellers in Coachella can benefit from Agent Pronto’s help in finding an agent who understands the local numbers and how to navigate them.
