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What is an Absorption Rate? An absorption rate offers a percentage illustrating the amount of homes sold over a set period of time. This figure is used to gauge whether a market is tipped in favor of the buyer or the seller. To calculate absorption rate, we divide the total number of homes sold (over a month for our purposes) by the total number of homes on the market. ...
Here is a market update and absorption rate for 91344 for the month of September 2022 Active Listings - 73 Median List Price. - $1,095,000 Average Price Per Sqft - $528 Homes Sold Last 30 Days - 36 Average Days on Market - 19 Days Median Sales Price - $963,500 Absorption Rate - 49% For more information on this current zip code or any other zip co...
Here is a quick market update for the 91307 zip code which resides in the city of West Hills. The market here is hot with an incredible absorption rate of 56%! September was a great month for this part of West Hills. Active Listings - 48 Median List Price. - $1,124,500 Average Price Per Sqft - $560 Homes Sold Last 30 Days - 27 Average Days on Market - 1208 Days Medi...
The 91331 zip code pertains to the fast growing city of Pacoima. Within the past month there have been a total of 21 sold homes and only 54 active listings. This means that the absorption rate is about 38%! The average days in the market are 22 days. This area is also selling much less under asking. If you are looking to buy in Pacoima right now is the time whether it is for prima...
Hot hot hot! Canola Park, from statistics, is a major sellers market. There is currently only 10 active listings at a median price of $689,950. The median price per square foot comes in at $546. Homes on this market do not sit for too long! A total of 7 homes were sold at a median price of $660,000. The average days on the market is roughly about 18 days! When&...
