As our absorption rate analysis blogs have likely emphasized by now, statistics are often at the whim of interpretation. These numbers are concrete: they tell us something that actually happened. A certain number of homes were sold in a given area. A certain number of homes were on the market in that same area. Anything beyond that is an assigned meaning that we’ve come to through a mixtu...

• calendar_month January 4, 2024
• category Market Update
• post Absorption, California, Current Real Estate, Housing Market Update, Industry, Local News, Los Angeles

February 5, 2024 We’ve come to expect lower absorption rates in January, but January 2024 more than understood the assignment. All except one neighborhood dropped further into the buyer’s favor. One dropped further toward the buyer’s favor than we’ve ever seen in a single month. Another has officially camped out at the threshold of the universally accepted buyer&rsquo...

• calendar_month February 7, 2024
• category Absorption
• post California, Current Real Estate, Housing Market Update, Los Angeles, resources

February’s come and gone and we have to say it wasn’t quite the expected mad dash deeper into seller’s territory. Typically, when we see a nearly unanimous drop toward the buyer’s favor like what we witnessed in January, it’s just the beginning of the slingshot being pulled back. The next month is almost always a severe snap in the opposite direction. And while hal...

• calendar_month March 7, 2024
• category Current Real Estate
• post Current Real Estate, Housing Market Update, Industry, Local News, Los Angeles, RE News

  Now these are some numbers that look familiar. The housing market has spent a couple of months in the wake of the holidays stretching out of hibernation. But March’s nearly straight run of surges brings us back to very familiar territory. Maybe painfully familiar for buyers. It was a month that saw neighborhoods surging further into the seller’s favor in all exce...

• calendar_month April 3, 2024
• category Absorption
• post California, Current Real Estate, Housing Market Update, Los Angeles, real estate, Real Estate News

  Now these are some numbers that look familiar. The housing market has spent a couple of months in the wake of the holidays stretching out of hibernation. But March’s nearly straight run of surges brings us back to very familiar territory. Maybe painfully familiar for buyers. It was a month that saw neighborhoods surging further into the seller’s favor in all exce...

• calendar_month April 3, 2024
• category Absorption
• post California, Current Real Estate, Housing Market Update, Los Angeles, real estate, Real Estate News

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...

• calendar_month May 6, 2024
• category Absorption
• post California, Current Real Estate, Home Sales, Housing, Housing Market Update, Industry, Los Angeles

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...

• calendar_month June 5, 2024
• category Absorption
• post California, Current Real Estate, Housing, Housing Market Update, Los Angeles

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...

• calendar_month July 2, 2024
• category Absorption
• post California, Current Real Estate, Housing Market Update, Los Angeles, resources

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...

• calendar_month August 4, 2024
• category Absorption
• post California, Current Real Estate, Home Sales, Housing Market Update, Los Angeles

August 2024 was a great month for home buyers according to our absorption rate stats. While it wasn’t one of those months with a near-unanimous pull toward the buyer’s favor, the surges were (mostly) modest. And the drops tended to be much more significant, plunging certain communities into absorption rate depths we haven’t seen in years. Most of the usual suspects are doing w...

• calendar_month September 9, 2024
• category Absorption
• post Current Real Estate, Housing Market Update, Los Angeles