In the realm of real estate absorption rates, it seems that what goes down must come up. At least in the competitive housing market of the Greater Los Angeles area. As we head deeper into the autumn, the sun that shined so brightly on prospective home buyers is slipping behind the clouds, returning favor to sellers. Well, except for one holdout. In October, we sold 1,077 homes in the neighborhoods where we track absorption rates publicly, up from 895 in September. So, despite what you may read, this market still has plenty of health to it. Still, October was certainly a month for the sellers. We’ll get into the specifics, but first, our FAQs. Absorption Rates – April 2024 Burbank – 33% Encino – 13% Glendale – 30% Long Beach – 39% Los Angeles – 21% Northridge – 31% Palmdale – 26% Pasadena – 34% Rancho Cucamonga – 43% Reseda – 26% Upland – 39% Valencia/Santa Clarita – 30% Our Absorption Rate FAQs What is an Absorption Rate? An absorption rate i...