With 76 closed escrows for December the Torrance real estate market proved historical holiday trending behavior incorrect – sellers and buyers were very busy!
Also reassuring was the 4th quarter stats for the market median sales price, which continues to hold steady in the low $600K’s.
Another positive data point is the sales/listing ratio, which increased from 43.5% in November to 54.7% for December.
Finally, the months of inventory year-over-year analysis reveals a relatively healthy seller/buyer relationship.
To get the complete Torrance market report for December please contact Hady at or click here to submit a request.