- calendar_month October 3, 2022
- folder Absorption Rate, Community
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 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 Cypress Zip Code 90630 there are 26 active and 30 homes sold in September with an average 9 days on the market, at a median selling price $855,000. That's an absorption rate of 87%. Anything over 20% means a healthy market.