The following metro areas have seen the largest drops in inventories of for-sale homes in the past year (July 2012 compared to July 2011):
1. Oakland, Calif.: -59.30 percent
2. Fresno, Calif.: -47.81 percent
3. Bakersfield, Calif: -44.71 percent
4. Seattle-Bellevue-Everett, Wash.: -42.23 percent
5. San Jose, Calif.: -41.76 percent
6. San Francisco, Calif.: -40.26 percent
7. Stockton-Lodi, Calif.: -40.24 percent
8. Riverside-San Bernardino, Calif.: -40.03 percent
9. Atlanta, Ga.: -38.27 percent
10. Sacramento, Calif: -36.43 percent
11. Santa Barbara-Santa Maria-Lompoc, Calif.: -34.89 percent
12. San Diego, Calif.: -34.55 percent
13. Phoenix-Mesa, Ariz.: -34.37 percent