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Absorption Rate Analysis: January 2023 – Is the Los Angeles Housing Market Making Big Shifts or Treading Water?

At first glance, January seems like it was a big month for the Los Angeles housing market… at least in some neighborhoods. The absorption rate had massive drops toward a buyer’s market in Northridge and Burbank. Then there was a significant drop in Encino which we’ll also examine a bit more in just a moment. That’s not to detract from decent bumps further into seller&rs...