Welcome to the 1st quarter real estate recap for the city of Torrance. Like all cities and towns, the coronavirus uncertainty has impacted real estate in Torrance CA as 
well. Having said that due to a varied economy and employment and years of a strong housing market, Torrance is more insulated than most other areas but there’s no doubt it’s playing a large role in the current market.
April saw the fewest number of pending home sales in the past few years with only 45 homes going into escrow. (see chart below) Compare that with 110 pending sales a year earlier and it’s pretty clear we’re entering a much slower market. Central Torrance and Plaza Del Amo was no exception with only 3 pending home sales in April compared with 13 pending sales in March and 10 in April 2019.
View the current homes for sale in Torrance The chart below shows the number of active listings (light green) sold homes (dark green) and pending home sales (red line) The greater the discrepancy between active homes and sold homes indicates a buyers market and when the numbers are closer a sellers market is indicated as inventory is down.