Torrance CA Real Estate Market Update March '22
Torrance CA real estate market data reflects the continuing seller's market. Low inventory (the inventory of homes for sale is now even lower than a year ago) and home buyers trying to take advantage of low interest rates before the Fed hikes, create the imbalance between demand and availability resulting in multiple offers and rising prices.
As outlined below, home prices in Torrance real estate increased by 11% and 13%, average and median sold prices respectively , for single family homes (houses).
|Torrance||March 2022||March 2021||Difference|
|No. of Homes Sold||68||90||-32%|
|Median Sold Price||$1,225,000||$1,080,500||+13%|
|Average Sold Price||$1,201,228||$1,078,912||+11%|
Data for single family homes only; based on CRMLS
Real estate is local - every neighborhood or community is different. If you're considering selling your home, Contact us and we'll provide you with a free local market report and free home evaluation.
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