How's the Single Family Home Market in Rancho Mirage? - March 2012 Update
For Single Family Homes in Rancho Mirage the Median Price stopped declining in November 2011 and has been staying pretty steady to a slight up-tick in the Median Price trend. Inventory has been increasing in that time frame because sellers realize the market has bottomed and prices are beginning to increase. The Average Days a home is on the market has also been increasing in Rancho Mirage over the last 6 months becuase there is more inventory coming on the market creating more competition for sellers.
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