Dated: August 15 2026
Views: 6
The South Bay housing market tightened across several communities this week, with Torrance continuing to lead as the area's most competitive major market.
Torrance currently has 176 active homes compared with 102 properties in escrow, producing just 1.73 months of inventory. El Segundo follows closely at 1.75 MOI, while Manhattan Beach stands at 1.83.
Manhattan Beach inventory declined from 71 active properties last week to just 66 this week. Its four sales produced an average sale price of approximately $6.21 million, although weekly average prices in smaller luxury markets can fluctuate considerably depending on the individual homes closing.
Perhaps the week's most notable movement occurred in Greater Palos Verdes. Active inventory declined from 231 to 207 properties, while homes in escrow increased from 70 to 80. Months of inventory consequently dropped from 3.30 to 2.59.
Redondo Beach remains active with 138 listings, 62 homes in escrow and 14 sales, producing 2.23 months of inventory. Hermosa Beach, at 2.71 MOI, currently offers the most balanced conditions of the six markets tracked.
Mortgage rates remain an important part of the affordability equation. Freddie Mac reported an average 6.67% rate for a 30-year fixed mortgage on August 13, compared with 6.69% one week earlier.
Despite being deep into the summer season, South Bay inventory remains relatively limited. Buyers may have more negotiating room on homes that miss the mark on price or condition, but desirable, correctly priced properties are operating in a market with comparatively little competing inventory.
For sellers, the numbers reinforce an important point: limited inventory helps, but pricing and presentation still matter.
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purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than CRMLS - eXp Realty of California, Inc. CA DRE#01878277 may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
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may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than CRMLS - eXp Realty of California, Inc. CA DRE#01878277 may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than CRMLS - eXp Realty of California, Inc. CA DRE#01878277 may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2026 All rights reserved.
Last Updated: September 23, 2026 3:12 PM UTC
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