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Pico-Robertson Market Update: September 2024 Absorption Rate at 37%

It’s officially fall in LA, and that means cooler days, pumpkin-flavored everything, and a great time to take a look at the Pico-Robertson real estate market. For September 2024, we saw an absorption rate of 37%. Out of 19 active listings, 7 homes sold with an average sales price of $1,729,000 and an average of 27 days on the market (DOM). What Does a 37% Absorption Rate Mean? ...

Palms Market Update: Absorption Rate of 35% for September 2024

Welcome to fall in Palms, 90034! It’s that time of year when the leaves change color (okay, maybe not so much in LA), the air gets crisp (kind of), and the real estate market shows signs of slowing down—or speeding up, depending on who you ask. September 2024 was an interesting month in Palms, with an absorption rate of 35%. For those unfamiliar with real estate jargon, the abso...