Palm Springs Area - (Palm Springs, Cathedral City, Rancho Mirage, Desert Hot Springs, Palm Desert, La Quinta, Indio, Bermuda Dunes)

Available properties for sale in the Palm Springs area - as a comparison from January 2008 to February 2010.

	2008	2010	Percentage Decline
Single Family Homes	5612	3443	39%
Condos	1868	1616	14%
Multi-Family	201	119	41%

Even with unemployment being in the 12 to 15% range for the Coachella Valley (Palm Springs, Palm Desert, Cathedral City, La Quinta, Rancho Mirage, Indio, Desert Hot Springs) the supply of unsold single family homes is now at 3.8 months compared to 16.6 months in January 2008.

This is the lowest inventory we have had in five years! Any property that is priced correctly will have multiple offers almost immediately after coming on the market. Most properties sell well over the listing price.

Check out: Wall Street Journal - California Home Inventory Shrinks Rapidly