George Fotion's Market Report

Torrance, CA 90505

Single-Family Homes

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Torrance, CA 90505

Sun May 26 2019
This week the median list price for Torrance, CA 90505 is $1,195,000 with the market action index hovering around 57. This is an increase over last month's market action index of 55. Inventory has held steady at or around 28. Click here to stay informed with the Torrance market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Torrance, CA 90505

Sun May 26 2019
This week the median list price for Torrance, CA 90505 is $1,195,000 with the market action index hovering around 57. This is an increase over last month's market action index of 55. Inventory has held steady at or around 28. Click here to stay informed with the Torrance market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $1,195,000
Per Square Foot $573
Days on Market 47
Price Decreased 36%
Price Increased 4%
Relisted 4%
Inventory 28
Median House Rent $4,000
Most Expensive $2,269,000
Least Expensive $809,000
Market Action Index
Strong Seller's Market
57

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,990,000 3,265 8,000 - 10,000 sqft 5 2 49 0 1 95
$1,219,000 2,523 6,500 - 8,000 sqft 4 2 56 3 1 21
$1,099,000 1,872 6,500 - 8,000 sqft 4 1 59 2 1 30
$879,900 1,140 4,500 - 6,500 sqft 3 1 65 2 4 43