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8 | Th e M Rep o RT The West Heats Up While the East Feels the Chill A Nationwide Look at housing Inventory MDwell 2. San JoSe, California With only 30-percent of homes staying on the market after two months, San Jose, California is a seller's dream. Like the rest of the metro-areas that topped Trulia's list, Oakland saw a speed up from their April 2014 rate, which helped keep it front-of-the pack. 3. oaklanD, California Oakland, California ties with San Jose when it comes to housing inventory pace but falls short in terms of median asking price. Trulia found that Oakland had a median asking price of $598,000 while San Jose's average came in at $800,000. faSteSt Moving HouSing MarketS Trulia's fastest moving housing markets saw high average asking prices and low days on market. B uyers looking for their perfect home on the West Coast need to move fast judging by the results of Trulia's latest look into how long homes stay on the market. Trulia's two-month (February 5-April 5) study of metro areas around the U.S. this spring found that eight of the 10 fastest-moving housing markets are in California. Across the country it's a different story. The three slowest markets in Trulia's study are in New York, the slowest being Long Island and Albany. Compared to a year ago, the overall pace of sales nationally has sped up. Last spring, about 62 percent of all homes Trulia tracks nationwide were still on the market at the 60-day mark. The most recent report shows that number is down to 60 percent. "On average, lower-priced homes moved fastest," Trulia economist Ralph McLaughlin said. "Only 50 percent of homes in this tier were still on the market after two months, compared with 65 percent of higher- priced homes." Price, however, can be deceiving. California's homes in particular are high-dollar properties. But, McLaughlin said, expensive markets usually happen where inventory is tight and new construction in the face of grow- ing demand is limited. 1. San franCiSCo, California According to Trulia, when it comes to hot housing markets, California is where it's at. The San Francisco market is the most golden of them all. San Francisco buyers are far from scared off by a median asking price of $1,099,000—in fact, only 26 percent of homes stayed on the market after two months in this Bay-area metro. 4. San Diego, California San Diego has long called itself "America's Finest City," and Trulia is giving this Golden State staple another feather for its cap—San Diego is ranked fourth for fastest moving housing inventory. Only 33 percent of homes are still on the market after two months, a jump from April 2014 when 44 percent of homes were still on the market during the same sample period. 5. orange County, California One of the nation's most fa- mous counties, the O.C. is also ranked one of the best for mov- ing its housing inventory. With an average median asking price of $699,000, only 41 percent of homes were still on the market after two months, a -3.0 percent year over year difference.