Beate Kirmse's Market Report

Torrance, CA

Single-Family Homes

eXp Realty | + 1 (310) 303 4411 | kirmsehomes@gmail.com



Torrance, CA

Fri Jul 10 2020
This week the median list price for Torrance, CA is $895,000 with the market action index hovering around 55. This is an increase over last month's market action index of 52. Inventory has held steady at or around 83. Click here to stay informed with the Torrance market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Torrance, CA

Fri Jul 10 2020
This week the median list price for Torrance, CA is $895,000 with the market action index hovering around 55. This is an increase over last month's market action index of 52. Inventory has held steady at or around 83. Click here to stay informed with the Torrance market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $895,000
Per Square Foot $564
Days on Market 66
Price Decreased 30%
Price Increased 7%
Relisted 6%
Inventory 83
Median Rent $3,473
Most Expensive $2,349,000
Least Expensive $499,000
Market Action 55
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$1,199,999 2,319 4,500 - 6,500 sqft 4 3 57 4 4 78
$975,000 1,945 4,500 - 6,500 sqft 4 3 65 2 6 59
$849,000 1,225 4,500 - 6,500 sqft 3 2 66 7 8 46
$699,000 1,062 4,500 - 6,500 sqft 3 1 70 5 5 80