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10 fastest-moving real estate markets in April

Realtor.com: California markets account for half the list

Half of the 10 fastest-moving housing markets nationwide in April were in California, according to monthly data released this week by Realtor.com. To gauge how quickly properties move in 146 metro areas, Realtor.com calculated the median age of inventory for the month of April in those markets. In order to obtain the median, the site subtracted a property's listed date from whichever was earlier: its end listing date or the end of the time period, and took the median of all the resulting individual days on the website. In the U.S. overall, the median inventory age was 95 days in April, a 13.1 percent increase from April 2010. Denver and Oakland, Calif., had the shortest medians of all 146 markets: 44 days each. Every market in the top 10 saw its median inventory age rise on a year-over-year basis. The Denver market saw the biggest jump, up 25.7 percent, followed by Omaha, Neb., up 25.5 percent, to 59 days. The Washington, D.C., metro area accounted for two of the markets in the ...