Real estate activity in Torrance produced 58 closed escrows in February, a 3.6% improvement compared to January.
The median sales price, however, adjusted downward by $77K or 9.8% during this same period of time.
Although net listings fell 23.7% while total sales increased a marginal 3.6% the sales-listing ratio still bumped up 35.8% month-over-month.
Finally, evaluation of the year-over-year months of inventory metric revealed a 33.3% drop from February 2016 to 2017.
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