Hello everyone,

As a seasoned Realtor specializing in the vibrant Mid City area of 90019, I'm excited to share with you the latest insights into our local real estate market. March 2024 brought about some notable trends and figures that shed light on the current dynamics.

Absorption Rate: 38%

One of the key indicators we look at in real estate is the absorption rate, which measures how quickly homes are selling in a particular area. For March 2024, Mid City, 90019 boasted an absorption rate of 38%. This rate signifies a healthy level of activity, with 38% of available homes being sold within the month.

Market Statistics

Let's delve into the numbers that shaped our market last month:

• Active Listings: There were 32 active listings on the market in March, offering a diverse range of properties to potential buyers.

• Homes Sold: A total of 12 homes were successfully sold during the month, indicating a steady flow of transactions.

• Average Sales Price: The average sales price for homes in Mid City, 90019 stood at an impressive $1,682,500. This figure reflects the desirability and value of properties in our area.

• Days on Market (DOM): The average days on market for homes that sold was 28 days. This metric underscores the importance of pricing properties competitively and strategically.

Why Work with a Licensed Realtor?

Navigating the complexities of today's real estate market requires expertise and insight. Working with a licensed Realtor who understands the nuances of Mid City, 90019 is invaluable for both buyers and sellers.

Here's why partnering with a knowledgeable Realtor like myself matters:

1. Market Insights: I stay informed about local market trends, ensuring that my clients have access to the most up-to-date information.

2. Negotiation Skills: Whether you're buying or selling, having a skilled negotiator on your side can make a significant difference in achieving your goals.

3. Inventory Access: As a Realtor actively engaged in the Mid City area, I have firsthand knowledge of available properties. This inside access can be a game-changer in a competitive market.

4. Transaction Management: From paperwork to inspections and beyond, I streamline the real estate process, providing a smooth and stress-free experience.

In conclusion, the March 2024 real estate report for Mid City, 90019 showcases a market with healthy activity and notable sales performance. If you're considering buying or selling in this area, don't hesitate to reach out. Partnering with a dedicated and experienced Realtor like myself can make all the difference in achieving your real estate goals.

Here's to a successful and fulfilling journey in Mid City, 90019!

Warm regards,

Nathan Derry
Licensed Realtor

📍JohnHart Real Estate

📞(424) 303-0440

📧 nathan@jhagents.com

👨🏽‍💻 itsnathanderry.com

Interested in seeing a property or one of my off market properties in person? Contact me today!  Who you hire matters!!!

Ready to make the best move of your life… let’s chat today!