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.