“How is the Torrance real estate market?” you ask. Well, during the month of June the MLS reports approximately 2.43 properties sold each day.
While this number is slightly off pace when compared to May, the market median sale price did improve 7.5% or $46K in June.
Although the sales/listing ratio dropped slightly it is, however, important to remember total listings increased almost 10% in June from the month previous.
Finally, the year-over-year months of inventory increased in June 2014 relative to June 2013, but again this is explained by the surge in seller activity and new listings.