The Torrance real estate market heated up in July with 106 properties sold! Compared to last month, this stat represents a 45.2% improvement in buyer-seller negotiations.
The market median sales price did, however, drop by about 6.4% relative to the figure recorded in June, which was $659K.
Still, with all this activity it is reasonable to understand why the sales/listing ratio increased by more than 44% month-over-month.
Finally, a review of the year-over-year months of inventory data shows a slight increase in available properties in July 2014 when compared to July 2013.