February was a big month for homes sales in Torrance with 67 properties changing hands, an increase of 52.3% month-over-month.
Despite a marginal 4.3% decline in the market median sales price Torrance closed out the month at $610K.
Not surprisingly, given total sales for the month, the sales/listing ratio climbed 45% month-over-month to end February at 40.9%.
Finally, the months of inventory dropped by 30.6% indicating less properties available to purchase ending February.
To get the complete Torrance market report for February please contact Hady at or click here to submit a request.