The housing market in Torrance continues to see strong price appreciation, with values up 11.6% compared to last year. Home prices have increased 3.4% in the past month alone. At the current pace, all available homes in Torrance would sell out in just 1.3 months, indicating a continued supply shortage. Homes are taking about 29 days to sell, which is -3 days longer than this time last year. Approximately 40.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Torrance market with the affordability index at 43.0. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.