Where in California did owners rush to list homes for sale?

Top line The number of active U.S. listings rose 8% year over year in May, likely driven by new sellers and a slowdown in would-be buyers deterred by high prices, Realtor.com said in a report Thursday. Among the 50 metro areas tracked, the year’s largest jump in homes on the market was in Austin (up 86%), then came Phoenix (up 67%), Sacramento (up 55%) and the Inland Empire (up 52%). Share of price cuts: Up 17.2% of listings — No.

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