Competition is tight for California homebuyers
Trulia Trends reports on the places where homes are moving fastest this spring. It also found that in the slowest-moving markets, buyers need to move a bit faster than usual.
It's no surprise that the top five fastest moving markets are all in California: San Francisco, San Jose, Oakland, San Diego, and Orange County.
The list of slowest markets reflects more of a geographic mix, including Knoxville, Tenn., and Columbia, S.C.. The three slowest markets were in the state of New York: Albany, Long Island, and Syracuse.
To measure, Trulia calculated the share of homes for sale on its listing services website over a two-month period. Analysts first looked at homes listed on February 5, and then counted how many were still for sale on April 5.