Insight
The local housing market in Palm Springs is showing signs of softening, indicated by falling home prices alongside a slight increase in sales volume.
City's housing market sees home prices drop, sales up slightly compared to this time last year
Summary
Palm Springs housing market shows home prices dropping slightly, while sales have seen a minor increase year-over-year. This suggests a softening in the local real estate market, potentially impacting STR investment and property values.
Key takeaway