Torrance August Numbers: Sales Up Sharply, Prices Soften — Still a Seller's Market

Torrance's August numbers tell an interesting story: a lot more homes are changing hands, but prices have eased from a year ago. The monthly market update from I Sell South Bay, based on local MLS data and published Sept. 21, shows the market stabilizing with signs of slowing down.

For single-family homes, the average sales price in August was $1,254,532, down 5% from July's $1,322,214. The median price was $1,200,000, down 4% from $1,245,000 a year ago. The striking figure is transaction volume: home sales jumped 29% year over year for single-family homes, and average days on market actually improved, dropping from 25 to 23 days.

The condo and townhome segment moved even more dramatically. Sales were up 43% year over year, while the median price fell 7% to $685,500 from $740,000 a year ago, and the average price eased 2% to $709,908. Buyers are clearly active — they're just finding more modest prices.

Despite the softer prices, the author still reads Torrance as a seller's market, with many homes selling over asking price, driven by low inventory. The combination — rising sales, falling days on market, and lower prices — points to a market where sellers who price realistically are being rewarded with fast sales, while aspirational pricing is getting trimmed by the market.

The local lesson tracks what we're seeing across the South Bay: this is a property-by-property market now. Well-priced Torrance homes are moving quickly, and the growing sales volume suggests buyers haven't walked away — they've just gotten pickier about what they'll pay.

Source: I Sell South Bay — https://www.isellsouthbay.com/blog/torrance-real-estate-update-august-26/

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