1 Day
Source:
New York Post
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Palm Springs Home Prices Drop
Luxury homes in Palm Springs are experiencing a decline in asking prices, with recent reductions totaling around $70,000 across two multimillion-dollar properties. One home’s price was lowered from $1.585 million to $1.555 million, while another’s was cut from $1.638 million to $1.598 million, reflecting a broader market shift as the region moves from pandemic-driven demand toward market balance. These adjustments indicate that sellers are lowering their expectations amid increased inventory and longer sale times, with the overall market showing signs of reduced competition.
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