- calendar_month November 1, 2022
- folder Absorption Rate
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2022, Absorption Rate, Bruce Real Estate, home prices, Home Sellers, Home Values, Janie Bruce, Rossmoor 90720, Rossmoor real estate, 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 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 13 active and 6 homes sold in October with an average 9 days on the market, at a medium selling price $1,407,500. That's an absorption rate of 46%. Anything over 20% means a healthy market.