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11 fastest-moving real estate markets in July

Realtor.com: California metros dominate among most active markets
Published on Aug 23, 2011

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by CareyBot

California metros dominated a list of 11 fast-moving real estate markets in July, reported property search site Realtor.com.

Realtor.com released a list of metros with the lowest median age of inventory at the site -- a measurement of how long a property from a given metro area typically spends on the site.

Denver, which topped the list in June, once again had the lowest median age of inventory among metros at a median 32 days. That's a 38.5 percent drop in the median year-over-year -- the biggest drop among the 11 most active markets.

Six California metros made the list, with Oakland the fastest-moving among the six. Oakland's median age of inventory was 46 days. The six metros include a mix of markets hit hard by foreclosures -- Fresno, Bakersfield, Stock

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