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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. ...

Mid City Real Estate Update: November 2024 & Holiday Shopping Tips

Hi there! Nathan Derry with JohnHart Real Estate here, bringing you the latest market insights for Mid City, 90019. For November 2024, the absorption rate came in at 24%, with 46 active listings and 11 homes sold. The average sales price landed at $1,575,000, and homes were spending about 57 days on the market (DOM) before finding new owners. But let’s not forget—it’s h...