May 2024 Hi-Desert Real Estate Market Update

Greetings Fans,

Attached, please find the May Hi Desert Real Estate Update. You will find some disappointing numbers for this month.

In the “first time” category, I have been creating these Market Updates since 2013. In the beginning, they were a little simpler than they are now, but I did keep track of some major numbers. For the first time in my record keeping, Twentynine Palms had both the highest value home sold and the lowest value home sold!

Other included highlights-

We closed 80 escrows in April. This is the lowest number of closed escrows in April since I started keeping records.

For the first time in years, Joshua Tree had an average price per square foot that was less than Yucca Valley.

Inventory is at its highest for May since I have kept records.

Last month, the Days on Market (DOM) in Yucca Valley was half the time it took to sell a home in Joshua Tree.

We are in a crazy real estate market. Super high inventory with record low sales.

There is always a winning strategy to sell your home. If you or someone you know is looking to sell, please have them contact me to see how we can make their goals. If you know someone who is looking to buy, please have them contact me to see the bargains available in the crowded market.

Have a great month.


Bob Armstrong
(760) 221-2999
DRE #01275801
GREEN Real Estate Group