George Fotion's Market Report

Torrance, CA 90505

Single-Family Homes

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Torrance, CA 90505

Fri Aug 23 2019
This week the median list price for Torrance, CA 90505 is $985,444 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has held steady at or around 38. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Torrance, CA 90505

Fri Aug 23 2019
This week the median list price for Torrance, CA 90505 is $985,444 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has held steady at or around 38. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $985,444
Per Square Foot $617
Days on Market 55
Price Decreased 34%
Price Increased 5%
Relisted 11%
Inventory 38
Median House Rent $3,600
Most Expensive $2,499,000
Least Expensive $728,000
Market Action Index
Strong Seller's Market
53

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

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
$1,660,000 3,127 6,500 - 8,000 sqft 5 2 48 1 1 126
$1,100,000 1,958 6,500 - 8,000 sqft 4 1 64 3 2 43
$927,000 1,640 4,500 - 6,500 sqft 3 1 64 3 2 16
$844,000 1,135 4,500 - 6,500 sqft 3 0 65 5 2 42