Detached sales in the Coachella Valley rose year-over-year in May for the first time in several months, even as overall inventory continued to contract. With mortgage rates holding stubbornly, the market's near-term trajectory remains tied to the inflation outlook.
Each month, we present the coachella valley rennie review—a detailed look at the real estate market in the desert. This report includes our take on the latest MLS data, from overall market conditions to more granular city-level insights.
Our rennie intelligence team comprises our chief economist, senior demographer, market analysts, and business intelligence analysts. Together, they empower individuals, organizations, and institutions with data-driven market insights and analyses. Experts in real estate dynamics, urban land economics, the macroeconomy, shifting demographics, and data science, their industry-leading data acquisition, analytical systems, and strategic research support a comprehensive advisory service and forms the basis of frequent reports and public presentations, covering the Vancouver, Victoria, Kelowna, Seattle, Coachella Valley, and San Diego markets. Their thoughtful and objective approach embodies the core values of rennie.
