A home in Yucca Valley, California, lost a third of its value over the past three years while swapping owners, as a surge in inventory across the country is giving buyers more negotiating power.

The 3-bedroom, 2-bathroom home at 6185 Mirlo Road in San Bernardino County sold on Tuesday for $510,000, according to its Zillow listing, taking a 14.9 percent price cut from the price listed in May. This was already 14.3 percent lower than the original asking price of $699,000 listed in November 2024, but, significantly, it was much less than the $769,000 it fetched in July 2022.

Are California Desert Homes Losing Value?

With its pool with views of the Mojave desert and its proximity to the Joshua Tree National Park, the home at 6185 Mirlo Road offers that high-desert lifestyle that many, inclu

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