- calendar_month November 10, 2022
- folder Absorption Rate
Sharing Tags
2022, Absorption Rate, Bruce Real Estate, home prices, Home Sellers, home value, Huntington Beach 92646, Janie Bruce, 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 Huntington Beach Zip Code 92646 there are 53 active and 28 home sold in October with an average 8 days on the market, at a medium selling price $1,367,500. That's an absorption rate of 53%. Anything over 20% means a healthy market.