Realtor.com has released a list of metros with the lowest median age of inventory at the site — a measurement of how long a property from those market areas typically spends on the website.
Denver topped the list of metros with the lowest median age of inventory in June 2011, at 30 days. That represents a 36.2 percent drop in the median age of inventory on the site on a year-over-year basis. Tampa was second on the list, at 43 days. Tampa also had the sharpest drop in median age on a year-over-year basis in June, at 62 percent.
Metros with lowest median age of inventory (June 2011)
|Rank||MSA||Median age of inventory||% yr.-over-yr. change|
|2||Tampa-St. Petersburg-Clearwater, Fla.||43 days||-61.95%|
|3||Oakland, Calif.||46 days||-2.13%|
|4||Fresno, Calif.||50 days||-26.47%|
|5||Bakersfield, Calif.||57 days||-3.39%|
|6||Anchorage, Alaska||58 days||-6.45%|
|7||San Francisco, Calif.||61 days||5.17%|
|8||San Jose, Calif.||62 days||1.64%|
|9||Stockton-Lodi, Calif.||62 days||1.64%|
|10||Detroit, Mich.||63 days||-7.35%|
Methodology: The median age of inventory data was calculated by determining all of the listing categories that were active during June 2011, and subtracting the date properties were listed on the site from the earlier of the following: their end listing date or the end of June, taking a median of all of the individual days on site counts, according to Realtor.com.
"This term accounts for properties that were withdrawn from a (multiple listing service) and subsequently relisted," according to Realtor.com, and the companys’ count can differ from MLSs’ days on market count, as it relies on when each property was added to the website and removed from the website.