The Torrance market was solid in this week's report, as the number of home sales rose 5.3%, pushing the total to 119 homes sold over the last 30 days. At the same time, close-by Los Angeles reported 2,302 home sales, the highest number from all the surrounding cities. The median sales price of all transactions in Torrance did not budge this week, remaining at $765,000. With only two months of inventory and rising sales, Torrance is a definite seller's market.
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