Like Oakland, homes in California's capital are being snapped up quickly, with the average listing lasting only three weeks.
"When houses come on to the market, it's a feeding frenzy," said Stephanie Baker, a local Coldwell Banker real estate agent.
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That demand has helped push area home prices 40% higher in the past 12 months, she said.
All price points are strong. Many first-time homebuyers have entered the market, freeing up sellers of entry-level homes to purchase bigger, more expensive houses.
Now, even the high-end of the market is making a comeback. A colleague of Baker's just closed on a $2 million home. "That was the first one in years," she said.
Cities reporting the highest rates of murder, rape, robbery, assault, burglary and car theft, according to an annual analysis of FBI data.
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.56% | 3.68% | |
| 15 yr fixed | 2.78% | 2.91% | |
| 5/1 ARM | 2.62% | 2.79% | |
| 30 yr refi | 3.55% | 3.75% | |
| 15 yr refi | 2.77% | 2.99% |
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