Homes are selling faster in the majority of U.S. markets than they were a year ago. According to data in a report issued this month, which looked at the largest housing markets in the country, compared to June 2011, the average number of days homes spend on the market has fallen by nearly 10 percent. In some areas, such as Oakland, Calif., the average days on market has decreased by nearly 50 percent.
According to the data, published by real estate trends site Realtor.com, the average U.S. home spent 84 days on the market last month. In 10 housing markets, homes spent 48 days or less on the market before being sold. In Oakland, homes spent just 24 days on the market.
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