- calendar_month September 29, 2022
- folder Absorption Rate
Sharing Tags
2022, Absorption Rate, Bruce Real Estate, Home Sellers, Janie Bruce, Rossmoor / Los Alamitos, Rossmoor 90720, Selling
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 the neighborhoods we service. And though we’ve been telling you this for months, we’ll let the stats speak for themselves.
In Rossmoor Zip Code 90720 there are 16 active and 11 homes sold in September with an average 8 days on the market, at a medium selling price $1,292,500. That's an absorption rate of 69%. Anything over 20% means a healthy market.