Welcome to the real estate report for Torrance for the first month of 2022. Let’s take a quick look at the Torrance real estate market and how the year started off. It was a very slow month in terms of homes that sold and closed escrow. There were only 75 on market home, townhome and condo closing escrow during the month. This was not unexpected as the number of homes that went pending in December was very low. It was not an indication that the market is slowing at all and actually was due to the record low inventory of homes for sale towards the end of 2021. The median sales price was $915,000 and homes averaged a very brief 20 days before going into pending status. See how this compares with other months on our Torrance real estate market trends and statistics area.
Torrance real estate – January at a Glance