Hey everyone, Nathan Derry here with JohnHart Real Estate, bringing you the latest real estate scoop for Mid City, 90019. For the month of September 2024, the absorption rate was 22%. Out of 49 active listings, only 11 homes sold, with an average sales price of $1,130,000. Homes are spending an average of 82 days on the market (DOM), meaning buyers have more time to explore their options.

What Does This Mean for Mid City?

A 22% absorption rate indicates a buyer’s market for Mid City right now. While it’s a slower season for sellers, buyers have the opportunity to take their time, explore listings, and negotiate better deals. Homes aren’t flying off the shelves, and 82 days on the market gives you a little room to breathe if you're house hunting. Still, the $1,130,000 average sales price shows that Mid City continues to offer solid value.

Fall Is the Perfect Time to Spruce Up Your Home!

Fall is here, and that means it’s the perfect time to get a head start on prepping your home for the holidays. Whether you’re planning to host family, friends, or even a potential buyer, sprucing up your space now will save you time and stress as the holiday season approaches.

Why Tackle Home Projects in Fall?

1. Perfect Weather: Fall temperatures in LA are just right for outdoor projects. It’s not too hot, so if you’ve been putting off any yard work, now’s the time!
2. Holiday Ready: By sprucing up your home now, you’ll be ready for all those holiday gatherings and celebrations, and you won’t have to rush around at the last minute.
3. Less Stress Later: Getting a head start means you’ll have more free time for shopping, cooking, and just enjoying the season without worrying about home repairs.

Non-Homeowners: Protect Your "New Home" Savings!

For those of you who haven’t bought a home yet, the holidays can be a dangerous time for your wallet. Sales and holiday shopping can be tempting, but don’t let them derail your savings plan! Stay disciplined and keep that "new home" fund intact, so when the right property hits the market, you’re ready to make your move.

Nathan’s Top Fall Home Prep Tips:

• Tidy Up the Yard: Fall leaves can pile up quickly, so keeping your yard clean and fresh is key to curb appeal.
• Outdoor Lighting: With shorter days, consider upgrading or adding outdoor lighting to make your home more welcoming.
• Interior Paint Touch-Ups: Now’s the perfect time to freshen up the walls with a new coat of paint before guests arrive for the holidays.
• Declutter: Clear out unused items to make space for holiday décor and to make your home feel more spacious.

Whether you're a current homeowner looking to spruce things up for the season, or a prospective buyer keeping an eye on the Mid City market, a little planning goes a long way! And if you need any help navigating the real estate market, I’m here to assist you. Let’s get your home ready for the holidays!

Nathan Derry
Realtor, JohnHart Real Estate

📍JohnHart Real Estate

📞(424) 303-0440

📧 nathan@jhagents.com

👨🏽‍💻 itsnathanderry.com

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