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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...

Mid City, 90019 Market Update – October 2024

Hello, it’s Nathan Derry, Realtor with JohnHart Real Estate, here with your latest market update for Mid City, 90019. For October 2024, we’re seeing a 20% absorption rate, with 49 active listings and 10 homes sold. The average sales price in this area was $1,599,500, with properties spending an average of 45 days on the market (DOM). While the market in Mid City remains compe...

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Jefferson Park Real Estate Update – October 2024

An absorption rate of 20% suggests a balanced yet slightly sluggish market. With homes averaging 58 days on the market, pricing and presentation are more important than ever for sellers looking to stand out. Properties with desirable features and proper staging are best positioned to attract interested buyers in this competitive season. Preparing Your Home for Holiday Travel For h...