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In Rossmoor and Los Alamitos, there are 22 active and 24 homes sold in August with an average 8 days on the market, at a medium selling price $1,390,000. That's an absorption rate of 90%. Anything over 20% means a healthy market.
In Long Beach, there are 37 active and 24 homes sold in August with an average 7 days on the market, at a medium selling price $945,000. That's an absorption rate of 65%. Anything over 20% means a healthy market. https://janie.jhagents.com/blog/2022/08/30/august-absorption-rate-90808
In Long Beach Zip Code 90815 there are 37 active and 21 homes sold in August with an average 7 days on the market, at a medium selling price $890,000. That's an absorption rate of 60%. Anything over 20% means a healthy market.
In Buena Park, Zip Code 90620 there are 34 active and 15 homes sold in August with an average 9 days on the market, at a medium selling price $800,000. That's an absorption rate of 40%. Anything over 20% means a healthy market.
In Seal Beach, Zip Code 90740 there are 17 active and 12 homes sold in August with an average 6 days on the market, at a medium selling price $1,287,000. That's an absorption rate of 70%. Anything over 20% means a healthy market.
In Huntington Beach, Zip Code 92646 there are 63 active and 34 homes sold in August with an average 7 days on the market, at a medium selling price $1,322,000. That's an absorption rate of 54%. Anything over 20% means a healthy market. https://janie.jhagents.com/vendors
In Cypress Zip Code 90630 there are 28 active and 13 homes sold in August with an average 7 days on the market, at a medium selling price $1,100,000. That's an absorption rate of 46%. Anything over 20% means a healthy market. https://janie.jhagents.com/blog/2022/08/31/august-absorption-rate-90630
In Lakewood Zip Code 90712 there are 34 active and 28 homes sold in August with an average 8 days on the market, at a medium selling price $800,000. That's an absorption rate of 80%. Anything over 20% means a healthy market.
Numbers don’t lie. We wish we could say the same for headlines. In our quest for transparency, we’re going to be bringing you monthly updates on the health of the real estate market with our new series Absorption Rate Analysis. We hear a lot about “fewer homes hitting the market”, but this hasn’t been our personal experience. We still see a very healthy market in t...
