Nationally, the median age of inventory of homes on the market shrank slightly in May from April to 92 days, but still marks a 4.55 percent year-over-year increase.
But in some markets homes are selling much faster. For example, the fastest-selling market continues to be Denver, where homes are selling, on average, in just over a month at 39 days.
Here’s a look at the fastest-selling markets from May, based on the median age of inventory of 146 markets tracked by Realtor.com.
Denver
Median age of inventory: 39
Median list price: $253,700
Oakland, Calif.
Median age of inventory: 46
Median list price: $320,000
Tampa-St. Petersburg-Clearwater, Fla.
Median age of inventory: 51
Median list price: $134,900
San Francisco
Median age of inventory: 57
Median list price: $628,000
Washington, D.C.-Md.-Va.-W.Va.
Median age of inventory: 60
Median list price: $369,999
Bakersfield, Calif.
Median age of inventory: 60
Median list price: $134,900
Rochester, N.Y.
Median age of inventory: 61
Median list price: $139,900
Omaha, Neb.
Median age of inventory: 61
Median list price: $150,000
Anchorage, Alaska
Median age of inventory: 61
Median list price: $289,000
Fresno, Calif.
Median age of inventory: 61
Median list price: $151,900
San Jose, Calif.
Median age of inventory: 61
Median list price: $479,000
By Melissa Dittmann Tracey for REALTOR® Magazine online
Read More: http://www.realtor.org/RMODaily.nsf/pages/News2011061701?OpenDocument
April Report: Where Homes Are Selling in 2 Months or Less
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