Hat tip to W.C. for sending in this article:
The report tracked home sales listed on Trulia in the 100 biggest metro areas in the U.S. on Feb. 5 and were still available on April 5. In addition to the 8 cities in California, Seattle and Salt Lake City, Utah, also made the top 10 list.
Farther south in the Golden State, homes in San Diego are also selling at a rapid pace with 33% of homes listed in February still available 60 days later, down from 44% the year prior.
This means buyers, especially first-timers, need to go into their house hunt prepared, advised McLaughlin.
“Not only is it more difficult to buy where homes are moving fastest, the homes first-timers would buy are moving faster compared to middle and higher-priced homes. It’s a double whammy.”
San Diego had the biggest YoY change of the Top 10 cities: