September was another strong month for the Torrance real estate market but overall market is in danger of slowing down the next few months due to a lack of inventory. For the month of September there were 92 homes sales throughout the various areas of Torrance, including 10 sales in Hollywood Riviera.
The median sale price was $541,875. Both the number of sales and median sale price compare favorably month to month and year to year. August of this year saw 82 sales recorded with a median sale price of $540,000. For September of 2011 there were only 71 sales at a median price of $530,000.