Posted by: realtormarkpalace | June 17, 2011

11 Fastest-Selling Real Estate Markets

11 Fastest-Selling Real Estate Markets
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

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