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Mid City Real Estate Update: September 2024 Absorption Rate & Fall Home Prep Tips

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. ...

Absorption Rate in West Adams, 90016: Time to Prep Your Home for the Holidays!

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 ...