Indio housing prices stagnate, inventory way up

The latest Desert Housing Report for August 2025 shows that housing prices and sales are mostly in line with seasonal trends, though prices have stagnated year-over-year.

Driving the news: In Indio, the median price of an average-sized detached home in August was $619,000, down 2% compared to the year before. Indio’s attached home prices averaged about $279,000, down 3% compared to last year.

Zoom out: The median price of a detached home in the valley is $648,000, just a .1% decrease from the year before. Every city except for Cathedral City and Indian Wells saw lower median prices in August compared to the year before.

Context: Prices in the valley usually hit their seasonal low in autumn and their high in spring.

Days in market: Homes in the valley are taking about 60 days to sell when last year, homes sold after about 48 days. 60 days is also slightly higher than the regional average.

Indio is even higher than the valley average, with homes in the city taking an average of 65 days to sell, the second longest behind Palm Desert at 71 days.

What else: In Indio, inventory increased by 34% compared to last year with 406 homes for sale compared to 301 the year before. This growth in available homes contributed to a longer sales cycle, with the median “days in the market” extending to 65 days from 57 days last year.

Valley-wide, inventory is up 25%.

What that means: The report analyzed the “months of sales” ratio and found that supply is starting to exceed demand in almost all price brackets. Though prices haven’t yet been negatively affected, that could change if selling times begin to lengthen.

In the weeds: Even though prices have stagnated compared to last year, homes have been selling at a slightly higher discount. Detached homes in the valley sold at an average discount of 2.9% below asking compared to 2.3% below asking last year.

In the news: The average 30-year mortgage rate dropped to 6.28% on Monday, marking the lowest level in nearly a year and down from 6.53% just a week prior, according to Mortgage News Daily. The decline stems from investor concerns about the U.S. economy following weak employment reports.