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PUBLISHED THU, JUN 22 2023 10:00 AM EDT UPDATED THU, JUN 22 2023 10:39 AM EDT Diana Olick @DIANAOLICK @DIANAOLICKCNBC @IN/DIANAOLICK KEY POINTS Home sales inched higher in May from April, according to the National Association of Realtors. High interest rates, inflated prices and tight supply are weighing on the traditionally busy spring market. Compared with a year e...
Existing-Home Sales Slipped 2.2% in July August 22, 2023 Media Contact: Troy Green 202-383-1042 Key Highlights Existing-home sales fell 2.2% in July to a seasonally adjusted annual rate of 4.07 million. Sales receded 16.6% from one year ago. The median existing-home sales price rose 1.9% from one year ago to $406,700. It was the fourth time the monthly median sales pri...
In September 2023, the real estate market in Studio City, CA 91604 remained competitive, firmly favoring sellers. With 25 active listings, a median average price of $2,795,009, and a median price per square foot of $1,034, the market showcased its resilience. Over the course of the month, 17 homes were sold, spending a median of just 27 days on the market. The median sold price settled at $2,22...
In September 2023, the real estate market in Studio City, CA 91607 remained competitive, firmly favoring sellers. With only 9 active listings, a median average price of $1,695,000, and a median price per square foot of $769, the market showcased its resilience. Over the course of the month, 8 homes were sold, spending a median of only 8 days on the market. The median sold price settled at $1,43...
In September 2023, the real estate market in Hollywood Hills, CA 90068 continued to show its strength and favorability towards sellers. With 34 active homes on the market, the median average price stood at an impressive $2,546,500, translating to a median price per square foot of $979. A total of 16 homes were sold during the month, with a median time of just 27 days on the market, reflecting t...
Absorption Rate Analysis – September 2023: Things Look Up for Buyers as Absorption Rates Sink Down Current Real Estate, Industry, Local News, RE News October 2, 2023 Seth Styles and Harout Keuroghlian Temperatures in SoCal may be about to rise again, but September was, appropriately enough, all about the fall. And we’re not...
As we enter the fall season in 2023, the real estate market in Tarzana, CA continues to be dynamic and competitive. In this blog post, we will explore the absorption rate for condominiums (condos) in Tarzana for the month of October 2023. This valuable metric provides insights into how quickly condos are being sold in this vibrant market. Absorption Rate Overview Absorption rate is a ...
November 9, 2023 Harout Keuroghlian Have you seen the news? Wall-to-wall headlines about the big housing market crash headed your way. You’d think it was a confirmed fact! As the CEO and founder of my own real estate brokerage, and an expert who’s been successfully working in the real estate industry for decades, I have news for you. There will be no hous...
April 2024 brings more of that same energy we saw in March as the industry shakes off the accumulated frost of the holiday hibernation. A lot of our communities continued to climb further into the seller’s market, though with less severity. One neighborhood really ingratiated itself to sellers with a double-digit surge. But it was a usual suspect (we’ll get to that in a moment). A f...
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...
