Pango Group

Torrance, CA 90501

Single-Family Homes

www.pangogroup.com



Torrance, CA 90501

Mon May 20 2019
This week the median list price for Torrance, CA 90501 is $695,000 with the market action index hovering around 39. This is an increase over last month's market action index of 36. Inventory has held steady at or around 33. 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

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Torrance, CA 90501

Mon May 20 2019
This week the median list price for Torrance, CA 90501 is $695,000 with the market action index hovering around 39. This is an increase over last month's market action index of 36. Inventory has held steady at or around 33. 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

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $695,000
Per Square Foot $447
Days on Market 85
Price Decreased 39%
Price Increased 0%
Relisted 12%
Inventory 33
Median House Rent $3,100
Most Expensive $999,999
Least Expensive $449,900
Market Action Index
Slight Seller's Advantage
39

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift 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
$904,995 2,123 4,500 - 6,500 sqft 4 3 NaN 1 3 56
$772,000 1,549 6,500 - 8,000 sqft 3 2 NaN 1 1 102
$650,000 1,405 4,500 - 6,500 sqft 3 2 NaN 1 0 135
$549,000 1,056 4,500 - 6,500 sqft 2 1 NaN 1 1 50