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It’s been an interesting month in the Greater LA housing market as more housing inventory flows into a parched market. We ended April’s absorption rate analysis with a prescient statement: “We did see a higher number of houses for sale in Los Angeles hitting the market in April. If that trend continues, we may see absorption rates drop closer to the buyer&r...
Calling all fútbol (soccer) fans! Step into the extraordinary world of fútbol legend Leo Messi at The Messi Experience in Los Angeles! Immerse yourself in his incredible journey through interactive, tech-filled rooms — from his early days to World Cup glory. Explore Leo’s childhood, participate in interactive exercises, earn points to catch Messi's attention, and e...
We’ve seen the summer favor buyers before, but not quite like in June this year. The last time we even got close to a near-universal absorption rate drop like we saw last month was in July 2023. Back then, 10 of our 12 neighborhoods dropped closer to the buyer’s favor. But in June 2024, only a single neighborhood moved further into the seller’s favor. And that neighborhood onl...
At first glance, July seemed like a rebound month for L.A.’s absorption rates (with a few outliers, of course). But what’s not obvious by simply looking at the statistics is that we sold more homes in nearly every market in July than we did in June. Summertime is often one of the hottest times for moving families because the schools are out. But this was still a pleasant s...
August 12, 2024 JohnHart Real Estate and Harout Keuroghlian Is it better to rent out or list homes for sale in California? You’d be surprised how much this question comes up. There’s no denying that property is a solid investment. But when you’ve generated enough wealth to consider retiring your primary residence to an investment property, it’s ti...
This is the single most impressive absorption rate analysis we’ve published since we first started sharing our numbers in August 2022. Perhaps it was the market anticipating the federal interest rate drop. We’re finally below 5%! Or perhaps things really are just starting to swing in the buyer’s favor. Whatever the case, the dropping absorption rates this month were unusual bu...
In the realm of real estate absorption rates, it seems that what goes down must come up. At least in the competitive housing market of the Greater Los Angeles area. As we head deeper into the autumn, the sun that shined so brightly on prospective home buyers is slipping behind the clouds, returning favor to sellers. Well, except for one holdout. In October, we sold 1,077 homes in the neighborho...
After October’s near-unanimous surge deeper into the seller’s good graces, it’s no surprise that November offered more divisive absorption rates as neighborhoods evened out. Sure, four neighborhoods started a streak of two consecutive months marching further into seller territory. But we saw seven communities rise higher in the seller’s favor and five drop closer to a bu...
A December surge toward the seller’s favor is a holiday tradition in its own right when it comes to our monthly absorption rate analysis. It’s just how the “off-season” works in real estate. A lower volume of homes hitting the market typically tips the scales in the sellers’ favor. In December 2022, only one of our published neighborhoods (Glendale) dropped closer ...
We are in the midst of the most destructive series of Los Angeles fires in the city’s history. And there are no words to summarize the fear, horror, and grief associated with this tragedy so we won’t insult you by trying. But what we can do is try to answer some of the most common questions you’re likely having during this unprecedented city crisis. Stay Aware with a ...
