Pango Group

Torrance, CA 90501

Single-Family Homes

www.pangogroup.com



Torrance, CA 90501

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

Slight Seller's Advantage

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 90501

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

Slight Seller's Advantage

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 $719,950
Per Square Foot $496
Days on Market 85
Price Decreased 34%
Price Increased 3%
Relisted 13%
Inventory 32
Median House Rent $3,200
Most Expensive $1,168,000
Least Expensive $519,000
Market Action Index
Slight Seller's Advantage
36

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$917,990 2,001 4,500 - 6,500 sqft 4 3 NaN 2 1 63
$753,450 1,504 4,500 - 6,500 sqft 3 2 NaN 2 0 69
$683,950 1,154 4,500 - 6,500 sqft 3 1 NaN 1 1 120
$612,450 1,308 4,500 - 6,500 sqft 3 2 NaN 1 4 86