Torrance CA Real Estate Market Update - November 2008
By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
The Torrance average sales price decreased 8.7 percent compared to November 2007, bringing the average price to $553,990. The number of sales increased 6.25 percent. Meanwhile, the average market time decreased 37 percent, with average market times of 74 days vs. 53 days in 2007. Torrance Sold Listings AverageSales Price AverageDOM Nov 2008 85 $553,990 74 Nov 2007 80 $606,853 53 *All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed. Increased sales in Torrance reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices. If you want to learn more about South Bay and Los Angeles County r...
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