Here is a quick rundown of how the market in Panorama City fared in the month of September. 

There are currently a total of 35 active listings at a median list price of $790,000. Most of the homes on the market in this area have 3 beds and 3 baths. The median square footage of the homes are 1,739 square feet and a 5,648 square foot lot size. 

In the month of September, 11 homes sold in Panorama City at a median sold price of 725,000. They were not on the market for too long, being sold in 9 days. 

To define whether the market is doing well or not, we must calculate the absorption rate. To do this, we take the amount sold and divide it by the amount active. In this case, we do 11 divided by 35, which brings us to 35%. This number is significant for the seller, it shows a healthy seller's market.

The homes are not sitting on the market for too long, and the buyer's are coming in for the sweep!