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The numbers at a glance (end of June 2026)
Median detached-home price — down about 5.2% year over year.
Median attached-home (condo) price — down about 2.2% year over year.
Months of supply — down from 5.5 a year ago (about 6 months is a balanced market).
Median days on market — essentially flat, down about a day from last year.
What's happening
June told a different story than the spring did — and it's worth being straight about that. Prices softened, but the market sped up. Roughly 708 homes sold in June, about 3% more than a year ago, and total dollar volume rose about 3% as well. Homes are still selling in a median of about 51 days.
The shift from last month is on the condo side. Through the spring, attached homes were the one segment holding firm while detached prices eased. That's no longer true — condos are now down about 2.2% year over year too. Both segments have softened, though the detached side is still absorbing the bigger adjustment at about -5.2%.
Inventory tightened rather than building. Months of supply moved from 5.5 down to 4.7 — the opposite of the drift toward six months we saw earlier in the year. The honest read: sellers who priced realistically got their homes sold, which pulled supply back off the market. That is a healthier dynamic than it sounds, and it's why a headline price decline doesn't automatically mean a weak market.
Seasonally, none of this is surprising. The snowbird buying window (roughly October–April) is well behind us and the valley is deep into its quiet summer stretch. Expect thinner buyer traffic until fall.
If you're buying
Summer is the least competitive time of year in the desert — and prices have come to you.
- You're negotiating from a better position than a year ago — detached prices are off about 5%, and summer traffic is thin.
- But move decisively on the right home — supply is tighter than it was (4.7 months), so genuinely well-priced homes are not sitting.
- Do the full diligence — HOA and club dues, lease-vs-fee land, and short-term-rental rules change your real cost more than a few percent on price does.
If you're selling
The market is rewarding realistic pricing and punishing optimistic pricing — and the gap between those two outcomes has widened.
- Price to current comps, not to last year's peak — the sellers who sold in June are the ones who did this.
- Price to your property type — detached and condo trends differ, so valley-wide medians can mislead you in either direction.
- Weigh the calendar — summer is the off-season. If your timeline is flexible, fall brings a far deeper buyer pool. See The Best Time to Sell.
A note on the cities
Valley-wide numbers flatten a lot of variation. Every city posted a year-over-year decline on detached homes this cycle, but the luxury tier (Indian Wells, La Quinta, Rancho Mirage) behaves differently from the value end (Indio, Coachella, Desert Hot Springs), and Palm Springs carries its own architectural premium. Your community and property type can tell a very different story than the median. Browse the communities.
*Figures from the Desert Housing Report (June 2026), PSRAR & CDAR / Market Watch LLC — rounded; verify against current MLS data before relying on them.*