Homes are going fastest in the San Francisco Bay Area

Homes in the San Francisco Bay Area are moving faster than anywhere else in the country, according to a new inventory market report from Trulia.

For markets across the U.S., Trulia calculated the share of homes for sale in its database in the market as of Feb. 14 that were still for sale two months later on April 14. The lower the resulting percentage, the faster the market.

The markets with the lowest percentage of homes still on the market two months later turned out to be Oakland, Calif. (29 percent), San Jose, Calif. (31 percent), and San Francisco (32 percent).

Nationwide, 55 percent of the homes listed for sale on Trulia in mid-February were still for sale in mid-April.

Other than Denver (38 percent), Seattle (43 percent) and Middlesex County, Mass. (46 percent), the rest of the top 10 fastest markets was made up of California metros.

Source: Trulia


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