Welcome to our real estate recap for Torrance homes in December. The real estate market had a great month in terms of the number of sales as well as the closing sale prices. There were 120 home, townohme and condo sales with a median sold price of $880,000. The homes that sold only averaged 19 days on the market which is pretty amazing! To see how it compares to other months visit our Torrance real estate trends page.
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than some other areas but there’s no doubt it’s playing a large role in the current market. April saw the fewest number of pending home sales in the past few years with only 45 homes going into escrow. Compare that with 11 pending sales a year earlier and it’s pretty clear we’re entering a much slower market.
2020, Torrance had 81 home sales for the which was well below the 99 sold homes from this time a year ago but still a solid number compared with the dropoff in some other cities. The median list price for the homes that sold was $789,000 with the median “sold” price of $779,000 indicating a strong seller’s market.