(Labor comparisons include Adelanto, Apple Valley, Hesperia, Victorville. Price comparisons include Apple Valley, Hesperia, and Victorville only.)
Consumer Sentiment for June 2026 bounced up from May but is very low. Note that this index is only slightly reliable when it comes to High Desert real estate. Although it is generally considered an economic leading indicator, it barely led the 2007-2008 price crash. As of June 2026, some consideration should be given to the low level since it is coupled with a low affordability level.
High Desert 2 to 4 unit gross rent multipliers (GRM’s) are leveling out. Note that many factors influence GRM’s, including but not limited to upside income potential, condition, parking, average unit size, unit mix, and utility responsibility.
Closing numbers are weak and are far from 2025 highs. There has been a general fall-off in closings since Q1 ’25.
Apple Valley has the largest data set. It’s numbers are showing a a leveling off of average price per unit.
Double click on the first graph for an enlarged view.
