Hey, it's Nathan Derry with JohnHart Real Estate! The absorption rate for West Adams, 90016, in September 2024 comes in at 22%, meaning it's a bit of a slower market right now. Of the 32 active listings, only 7 homes sold, with an average sales price of $1,299,999. Homes are also spending an average of 47 days on the market (DOM), which means buyers have time on their side.

What Does This Mean for You?

With a 22% absorption rate, we’re looking at a market that's leaning towards favoring buyers. Homes in West Adams are taking a bit longer to sell, and prices are holding steady, making it a good time for those looking to enter the market. For sellers, patience is key, but there’s also a silver lining—fall is the perfect season to get your home in tip-top shape for the holiday season!

Fall is Here: Time to Get Ahead on Sprucing Up Your Home

It’s officially fall, folks! That means pumpkins, cooler weather, and—if you’re a homeowner—the ideal time to spruce up your space before the holiday rush hits. Prepping now can save you a lot of time and stress when the holidays roll around.

Here’s why it’s a great time to start:

• Weather: Fall in LA is perfect for tackling outdoor tasks like painting or refreshing your landscaping.
• Holiday Prep: You’ll have a sparkling home ready for holiday gatherings, and sprucing it up now frees up your schedule for last-minute shopping trips or holiday planning.
• Market Advantage: If you’re thinking of selling, buyers love homes that feel cozy and well-maintained for the holidays—think curb appeal with a fall twist!

Non-Homeowners: Don't Dip into Your "New Home" Savings Account!

Now, for those of you who aren’t homeowners yet—this is your friendly reminder not to dip into that “new home” account just because the holidays are coming! I know it’s tempting when all those sales hit, but that down payment is key to getting you into your future dream home. Keep your eyes on the prize, and stay on track for homeownership!

Nathan’s Tips for Fall Home Spruce-Up:

1. Declutter: Clean out the garage and closets now so you have room for all those holiday gifts.
2. Freshen Up the Paint: Whether indoors or outdoors, a fresh coat of paint goes a long way.
3. Tend to the Yard: Fall is a great time to update your landscaping before winter sets in.
4. Light It Up: Add cozy, seasonal lighting to make your home feel warm and welcoming.

If you’re in the West Adams area and considering buying or selling, now’s the time to start preparing. Whether you're sprucing up for the holidays or staying laser-focused on your future home savings, fall is your season for action.

All the best,

Nathan Derry, Realtor