Absorption Rate Analysis – July 2024: This Market’s Healthier Than You Think

At first glance, July seemed like a rebound month for LA’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 […]

JohnHart Real Estate Opens Office Number 15 in Magical Monrovia

As other brokerages continue to scale back in the face of industry changes, JohnHart Real Estate moves ahead in leaps and bounds. Perhaps that has never been more evident than in our latest acquisition. Finding opportunity in another brokerage’s loss, JohnHart’s newest addition to the family urged us to branch into the Monrovia housing market. […]

Absorption Rate Analysis – June 2024: Early Summer Slipping Toward the Buyer’s Favor

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 […]