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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? ...