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Wednesday, Nov. 26 | β˜€οΈ 71Β°/54Β°

Happy Wednesday, everyone! We're ending our week mid-week so we can take a few days to enjoy Thanksgiving. We hope you're doing the same. That means there won't be a Daily Briefing in your inbox until Monday, when it will already be December. We won't be completely missing from your email, though: our weekly roundup of stories we cover across all three of our news outlets β€” The CV Reporter β€” will be delivered as usual on Saturday. Happy Thanksgiving!  


🎢 Setting the mood: β€œThanksgiving Theme” by Vince Guaraldi Trio

LEADING OFF

Home prices hitting seasonal lows ahead of next month’s Federal Reserve meeting

The latest Desert Housing Report reveals a slight drop in prices for homes in Palm Springs, in line with a valley-wide trend.


Driving the news: The median price of an average-sized detached home in Palm Springs last month was $1.08 million, down 4% from last year’s median price of $1.13 million. For an attached home in Palm Springs, the median price is $415,000, down 5% from last year.


Context: Only two valley cities – Cathedral City and Palm Desert – saw higher prices this year compared to last. Valley-wide, the median price of a detached home is down 1.6% year-over-year to $625,000. Attached home prices decreased 2.2% overall to $420,000.


By the numbers: Sales valley-wide are below average by about 28% compared to pre-pandemic norms. Palm Springs had the highest unit sales at 118 units, up from 95 in October 2024. 


What else: It’s taking homes in Palm Springs an average of 64 days to sell, 10 days longer than last year. That’s mostly in line with other valley cities who are all experiencing more days on the market.

  • Homes in Palm Springs are selling for about 3.4% below list price, compared to 3% last year.

Bottom line: Add all that up and here’s what we’re looking at – A slight price decline with homes taking longer to sell and selling for a bigger discount, plus higher unit sales and an increase in inventory.  


What to watch for: Market observers note that further developments will depend on mortgage rate movements and broader economic conditions. All eyes are on the Federal Reserve’s meetings on Dec. 9 and 10 where hopes of a rate cut are diminishing.

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BRIEFLY

πŸ³οΈβ€πŸŒˆ Palm Springs earns perfect score on equality index

  • Palm Springs received a perfect score of 100 points on the Human Rights Campaign's 2025 Municipal Equality Index Scorecard, which evaluates more than 500 cities on how inclusive their laws, policies and services are for LGBTQ+ residents, visitors and employees.
  • Cities are rated based on non-discrimination laws, municipal employment policies, city services, law enforcement practices and leadership on LGBTQ+ equality. City Manager Scott Stiles said the city's commitment is to ensure inclusivity is practiced daily across every service provided.
  • Bottom line: The Municipal Equality Index provides a public snapshot of how dedicated a city is to advancing LGBTQ+ equality and fostering a safe and welcoming environment for all. See the Palm Springs report here.

A MESSAGE FROM CITY OF PALM SPRINGS

You're Invited to the City of Palm Springs

Annual State of the City!

Join Mayor Ron deHarte and the City Council for the State of the City on Tuesday, Dec. 2, 2–5:30 PM at the Palm Springs Convention Center. Celebrate our city’s progress and future as we continue moving Palm Springs Forwardβ€”with creativity, resilience, and shared purpose.

Click here for more.

TODAY'S FEATURED EVENTS

Sunshine Sisters Breakfast

8 a.m. | Rick’s Restaurant

Start the day with other Palm Springs Sunshine Sisters with breakfast and conversation.


Acrisure Series

11 a.m. | Acrisure Arena

The Acrisure Series returns to the Coachella Valley for its third consecutive year. Set to take place from November 25–28, 2025, the tournament will showcase over 20 NCAA Division I men’s basketball programs competing at the highest level ($47)


Chinese Mah Jong Open Play

2 p.m. | Mizell Center

Practice your skills and play with others. This is a FREE library program; you do not have to be a member of Mizell Center to attend.


Over the Hump Flights with Tod Macofsky

6 p.m. | PS Air Bar

Join us every Wednesday at PS Air for our Over the Hump Flights, featuring live music by the incomparable Tod Macofsky. 


Funk Monks: Sly and the Family Stone

7 p.m. | Agua Caliente Casino Palm Springs

Known for their powerhouse sound and electric stage presence, this band takes you on a joyride through the golden era of funk, soul, and rock. ($18)

πŸ‘€ View all events

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AND FINALLY ...

The results are in for the 12th annual Best of the Coachella Valley awards, and they say a lot about Palm Springs: the city absolutely crushed it across dining, nightlife, and cultural categories.

Driving the news: The Coachella Valley Independent and KESQ News Channel 3 reader poll shows Palm Springs businesses claiming top honors in most hospitality categories, with several local favorites earning multiple wins.

  • The Purple Room, Paul Bar/Food, Hunters Palm Springs, and Eight4Nine were the overachievers, appearing as winners or runners-up across everything from cocktails to brunch.

The standouts: Palm Springs shined brightest in specialty cuisine β€” Thai, Vietnamese, and vegan β€” while also proving it's the valley's cocktail capital, with six bars consistently placing in spirits-related categories.

  • The city's LGBTQ+ venues made their mark well beyond their specific categories, with Hunters taking both Best Nightclub and Best Gay/Lesbian Bar, while the LGBTQ Center's Red Dress event won Best Charity Event.

Worth noting: While Palm Springs dominated food and nightlife, family-oriented categories like best playground and best hike saw more love spread across Palm Desert and other valley cities, showing each area has its own strengths.


Check out the full list of winners and runners-up here

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IN CASE YOU MISSED IT
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πŸ¦ƒ Kendall wishes everyone a happy and safe Thanksgiving!

πŸ™ Mark is giving thanks for the many kind people in his life, including our readers.

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