At first glance, November looked a lot like any housing market looks as it cools down for the holiday months. Admittedly, the surges and drops in absorption rate weren’t too remarkable. But a closer look reveals a neighborhood dramatically dropping to its lowest absorption rate since we started publishing our numbers. Meanwhile, another city is […]
Just when you thought it was safe to buy that house in Burbank, October’s absorption rates show us that the seller’s market still has plenty of life in it. It’s almost like the end of a horror movie when it seems like the slasher is finally down for the count, only to rise back up, […]
Just when you thought it was safe to take a break, September was a busier month than market patterns might lead you to believe. It seems that people are taking advantage of the autumn lull to list their homes with less competition. And homes aren’t exactly languishing on the market. Home sales increased by roughly […]
The summer selling season was winding down in August as kids returned to school and the summer cranked its heat in earnest (a Southern California specialty). That being said, there were no records broken in August like there were in July. But, depending on your neighborhood of interest, there’s still plenty to get excited about […]
July was a bit more predictable than June in the Greater Los Angeles housing market. For one, we sold even more homes, indicative of the summer surge we experience every year at this time as families take advantage of the break from school. The drops and surges were also more modest in July; no double-digit […]
When we started publishing these absorption rates every month, we’d never in a million years have predicted we’d hit a point in which the neighborhood with the highest surge toward a seller’s market was also our lowest absorption rate for the month. But here we are. Looking at June as a whole, it sure looks […]
If you’ve stepped away from our absorption rate analysis for a few months, you could easily look at May’s stats and think nothing’s really changed. It’s true, most of our neighborhoods have spent months hovering roughly around the same absorption rate range. Here’s a town hopping up a percentage point or two. There’s a neighborhood […]
Where does your neighborhood stand after a particularly divisive month? Despite national economic concerns, April was a remarkable month at JohnHart Real Estate as our agents doubled down on their determination, selling significantly more homes than in March. And that inexhaustible grind was felt in April’s absorption rates. Following January’s unanimous drop, February’s unanimous surge, […]
It almost feels like March is an apology to the prospective homebuyers of the Greater Los Angeles area for February’s unanimous surge into the seller’s market. It was mostly a kinder month for the buyers, showing drops closer to the buyer’s market in all except four of these communities. And two of those just treaded […]
It seems that in the Greater Los Angeles area’s absorption rate stats, what goes down must come up. January’s month of down-the-line decreases in absorption rates were countered in February with increases across the board. We had a similar surge in every neighborhood in March 2023. So, while it’s rare, it happens. And it was […]
