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Pico-Robertson, 90035: August 2024 Absorption Rate & The Impact of New NAR Commission Laws

As a Realtor in the dynamic Los Angeles real estate market, it's important to stay informed about both local market trends and broader industry changes that can affect buyers and sellers. For Pico-Robertson, 90035, the month of August 2024 revealed some compelling statistics. The absorption rate was 56%, a strong indicator that homes are selling quickly in this popular neighborhood. Wit...

Palms, 90034: August 2024 Real Estate Absorption Rate & Commission Changes

As we enter the fall season, it's important to reflect on the real estate trends we've observed this past summer in Palms, 90034. For the month of August 2024, Palms recorded an absorption rate of 44%, indicating that homes in this desirable West Los Angeles neighborhood are still moving steadily. With 34 active listings and 15 homes sold, it’s clear that while demand remains ...

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Beverly Grove Market Update: Dismal Absorption Rate, But Hefty Sold Prices – What’s Happening?

Hey everyone, it’s Nathan Derry with JohnHart Real Estate, and today I’m bringing you the latest from the Beverly Grove market in the 90048 zip code for August 2024. If you’ve been following the market trends, you’ll notice that Beverly Grove is experiencing what we call a buyer’s market, with an absorption rate of just 12%. But while homes aren’t flying ...

Mid-Wilshire Market Update: A Healthy Absorption Rate of 52% for August 2024

Hey, everyone! Nathan Derry here with JohnHart Real Estate, bringing you an update on the Mid-Wilshire market for August 2024. If you’re keeping an eye on the real estate scene in 90036, you’ll be interested to know that the absorption rate hit a healthy 52% this past month. But what does that really mean for buyers, sellers, and investors? Breaking Down the Numbers Th...