**See updated information on 2020 real estate in Torrance
Torrance is far more than one uniform real estate market. With neighborhoods that range from sub $500,000 to homes in the multi millions, each area has it’s own localized market.
Visit Torrance Real Estate for more information on the community and market in Torrance CA
In general the real estate market seems to be slowing down heading into 2019. Demand is cooling with higher interest rates and a fairly regular slow down this time of year when people are busy with the holidays.
According to Torrance realtor Keith Kyle, “It’s clear that the market is cooling off as there has been an increase in new listings coupled with fewer sales and homes going into escrow since summer.” The chart above shows that the number of active listings has held pretty steady between 150 and 170 since summer, but the number of sold homes as well as new escrows has continued to decrease. If this trend continues the market will shift more in favor of buyers and less in favor of sellers. It’s clearly been a sellers market over the past few years.
The chart below shows the upward trend over the past few months with avarage “months of inventory” of unsold homes on the rise.
areas with good schools and that higher demand helps keep values up. Even those without kids greatly benefit from a strong school system. The stronger the schools the more insulated a market is from any downturns. That was very evident in Redondo Beach that saw home prices drop during the recession and housing crisis, but only a very small amount compared with other local areas that do not have as strong a school system.
the average sales price at $744,270. The median list price was $729,000 while the median sold price was at $715,875. The highest sale of the month was $1,750,000 for a 4 bedroom 
