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11 fastest-moving real estate markets in July

Realtor.com: California metros dominate among most active markets

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, Stockton-Lodi -- and relatively high-cost metros in the San Francisco Bay Area -- Oakland, San Jose and San Francisco. Metros with lowest median age of inventory (July 2011)                 MSA   ...

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