Take a quick glance at the real estate stats for the 2nd quarter in Torrance. In Q2 there were 225 sales which was considerably lower than the 325 in the same span during 2019. The other numbers were impressive however….the median sales price for closed homes was $822,000 and days on market was only 26.
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way down with only 49 total on market closed escrows. Compare that with 123 home sales in May of 2019 and it’s hard to dispute that the concerns and uncertainties of the coronavirus hasn’t had a major impact. That being said the prices were very impressive indicating a very strong seller’s market.
