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Absorption Rate Analysis: September 2022 (Mostly) Leans Harder Into a Seller’s Market

Has it already been a month since our last absorption rate roundup? September’s numbers are in and we’re seeing most neighborhoods trending upward with higher absorption rates than August. If we’re using the universally accepted 20% indicator of a healthy seller’s market, then every neighborhood is still a seller’s market. But as our CEO and founder Harout Keuroghl...

91387 Market Update with Absorption Rate September 2022

Currently there are 55 Active Listings in 91387. Median listing price is $874,900. Median Price Per SQFT is $418. For month September 26 homes sold. Average days on the Market was 23 Days for month of September. Median sold price was $840,000 in Canyon Country 91387. 

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U.S. Existing-Home Sales Fall Again as Housing Downturn Gathers Steam

By Aarthi Swaminathan Oct 20, 2022 The numbers: U.S. existing-home sales fell 1.5% to a seasonally adjusted annual rate of 4.71 million in September, the National Association of Realtors said Wednesday. This is the eighth straight monthly decline, the first since 2007. The decline was in line with economists forecasts, according to a Wall Street Journal survey. The la...