10 Metros Where Homes Are Selling the Fastest

Daily Real Estate News | Friday, January 25, 2013

California listings are seeing some of the shortest times on the market nationwide, according to new data released by Realtor.com. In a couple of markets in that state, listings are averaging about a month or less before being sold.
Nationally, for-sale listings sold in a median 111 days in December 2012, which is about 10 percent below the median at the same time one year ago, according to Realtor.com data.
The following are the 10 metro areas with the shortest median days on the market in December 2012:

1. Oakland, Calif.: 27 days
2. Stockton-Lodi, Calif.: 32
3. Sacramento, Calif.: 45
4. Denver: 54
5. Fresno, Calif.: 55
6. Bakersfield, Calif.: 61
7. Phoenix-Mesa, Ariz.: 61
8. San Jose, Calif.: 61
9. Riverside-San Bernardino, Calif.: 65
10. San Francisco: 68

Meanwhile, some of the metros with listings that linger the most days on the market are in the coastal areas of the Carolinas and other vacation destinations such as Santa Fe, N.M., (153 days) and Ashville, N.C. (146 days).