Market Update

Market updates

One letter a month for each market I follow, with the numbers behind it.

Published October 26, 2026 in Market Update · Coachella Valley & Area MLS Data

Sellers Are Still Getting 95 Cents on the Dollar. Here Is the Catch.

The Coachella Valley has 6.1 months of homes for sale, which puts buyers in the driver's seat by every standard measure, yet sellers are still walking away with 95.3% of what they first asked. The numbers show exactly where that leverage runs out.

By Benjamin Melendez Nogueras
Homes for sale today
More homes to choose from than at any point this season.
Typical days to sell
Not fast, not stalled. The middle home took just under two months.
Sellers who already dropped their price
More than 1 in 3 homes on the market today has already come down from where it started.
Read the letter

Published October 13, 2026 in Market Update · Cathedral City

Cathedral City supply is down, even with slower summer timing

Fewer homes for sale in 92234 means less competition for sellers, but buyers have fewer choices, even as rates sit at 7.40%.

By Benjamin Melendez Nogueras
Median sale price
Up 1% from a year earlier
Homes sold
Up 10.6% from a year earlier
Median days on market
9 days shorter than a year earlier
Read the letter

Published October 4, 2026 in Market Update · Palm Springs

Palm Springs inventory fell even as more homes sold

Fewer homes for sale and more buyers closing deals tell two different stories depending on which side of the table you sit on, as of October 4, 2026.

By Benjamin Melendez Nogueras
92262 sale to list
Up 0.5 points vs. 2025
92264 sale to list
Up 0.8 points vs. 2025
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Published October 4, 2026 in Market Update · The Vintage Club

Homes took longer to sell, but price cuts were not the whole story

Across The Vintage Club area, homes sold within 7% of asking price even as days on market climbed, telling a more careful story than the national headlines suggest.

By Benjamin Melendez Nogueras
Homes sold
Down 12.4% from 2025
Homes for sale
Down 22.5% from 2025
Pending sales
Down 12.5% from 2025
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Published October 4, 2026 in Market Update · La Quinta

Fewer listings and fewer sales kept La Quinta balanced

Supply and demand both pulled back at the same time, so the market held its footing without tipping toward either side.

By Benjamin Melendez Nogueras
Homes for sale
Down 20% year over year
Homes sold
Down 17% year over year
Months of supply
Down 0.1 months year over year
Read the letter

Published October 4, 2026 in Market Update · Madison Club

Madison Club inventory is down, but buyers are still taking more time

Fewer homes are for sale across Madison Club, yet buyers are moving slower, and that gap tells a different story depending on which ZIP code you own in.

By Benjamin Melendez Nogueras
Homes for sale
Down 20.3% from a year before
Closed sales
Down 10.3% from a year before
Pending sales
Down 6.9% from a year before
Read the letter

Published October 4, 2026 in Market Update · Primary market

One part of the valley is seeing prices rise even with slower deals

In the three months ending July 31, 2026, one Coachella Valley ZIP code posted a 10.7% price gain while inventory fell sharply, even as homes took longer to sell across the board.

By Benjamin Melendez Nogueras
Median sale price
Up 10.7% year over year
Homes for sale
Down 26.9% year over year
Median days on market
13 days longer than a year ago
Read the letter
Your next step

What would your home sell for today?

Text me your address and I will tell you what your home would sell for today, from the same numbers these letters are built on.

(562) 846-6912Text me your addressYour text comes straight to my phone
Benjamin Melendez Nogueras
The Agency · (562) 846-6912
Benjamin Melendez Nogueras is a licensed real estate agent with The Agency. Market numbers come from MLS records and are believed accurate but not guaranteed. Nothing on this site is an appraisal or a promise of value. If your home is already listed with another broker, this is not a solicitation.
© 2026 Benjamin Melendez Nogueras · Equal housing opportunity