Palm Springs Real Estate Market Trends Defy National Trends - Reports Released

PALM SPRINGS, CA, March 18, 2011 (Press-News.org) Keeping track of market trends is an essential part of timing the market. While most experts agree that now is a good time to purchase real estate in just about every market, monitoring market trends is an effective way to determine when it is time to make a purchase while also providing a clear idea of how much to expect to pay for a home in the area.

"When it comes down to it, market reports provide the most valuable information for homebuyers," said Claudine, Palm Springs Real Estate Expert. "That's why we feel it is important to make that information easy for homebuyers to access."

Each month, Palm Springs Realtors post market reports on the website for site visitors to view. The site also includes market reports for the previous 12 months, allowing site visitors to monitor trends over a period of time. Information found in each report includes:

- The total number of homes sold for the month
- The median price of homes sold that month
- The total number of Bank Owned (REO's) sold for that month
- The Total Bank Owned (REOs) active the following month
- The total Short Sales Active for the following month

"To further help our site visitors, we use a color coding system with our market reports," said Alvin, who is the other half of the Realty team. "Those figures shown in red are those that are worse when compared to the previous month, while those in green have shown improvement when compared to previous months."

Keller Williams Realty specializes in Palm Springs, California real estate ( http://www.claudinereal.com ). Market reports are updated each month and can be viewed on the Keller Williams Realty website at Palm Springs Area House Market Reports. Video market updates that cover the national market as well as the local Palm Springs real estate videos on market Trends can also be found on the website.