Real Estate Appraisal Services in Palm Springs, Riverside County, California

Recent Real Estate News in Palm Springs

• Palm Springs Typical Home Value Eased 1.7% Year Over Year to $619,612 — Zillow's smoothed home-value index for Palm Springs eased about 1.7% over the past year to roughly $619,612. In context, the local market currently reads Neutral on Zillow's 0-100 temperature scale, active inventory is down about 13% from a year ago, and roughly 23% of listings have taken a price cut.
• 30-Year Fixed Edges Up to 6.55% in Mid-July — Freddie Mac's weekly survey put the average 30-year fixed mortgage at 6.55% for the week of July 16, 2026, up from 6.49% a week earlier and 6.43% at the start of the month. Rates still sit below the 6.75% average of a year ago, so financing costs remain modestly friendlier than last summer even as purchase applications have softened.
• Coachella Valley Shifts Toward Balance as Supply Builds — Valley months-of-supply has stretched to roughly 5.4 months, close to the six-month mark that signals a balanced market, and median days on market are sitting near 49. The detached median ended May around $675,000, off about 3.6% from a year earlier, while attached homes edged up about 2%. Buyers have more selection and less bidding pressure than in recent seasons.