Valley might be in buyer’s market according to new analysis

The latest Desert Housing Report declared: “We have shifted to a buyer’s market.” Analysts examined the months of sales ratio, a key supply and demand equation, and found that supply is outpacing demand in the majority of valley cities.

The median price of an average-sized detached home in the Coachella Valley last month was $675,000 a 3% drop compared to January 2025, attached homes decreased 2% year-over-year to $495,000.

Indian Wells, La Quinta, and Bermuda Dunes each saw an increase in detached home prices compared to the year before. 

Homes valleywide are on average selling below list price. In Bermuda Dunes, the average price discount was highest at 5.2% and Desert Hot Springs had the lowest average price discount at 1.6%.

Detached home prices in Indio fell about 2% to $637,264. The city had the biggest drop in attached home prices year-over-year: a 14% drop to $250,000.

Indio recorded 66 sales during the three-month period ending in January, a decrease from 71 homes sold during the same period last year.

At the end of November, Indio had 443 homes listed for sale, up from 433 a year ago. Valleywide, 3,488 homes are up for sale, a 3% increase in the number of homes on the market.

Kevin Warsh, newly nominated for the Fed Chair position, has signaled he might support lowering rates, but analysts say it will still be a way off. 

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