Where are California rentals vacant the longest?

"This "time on market" benchmark can give renters a sense of how quickly their decision-making must be - and how that timing varies by market. When markets are tight, empty units usually rent quickly. When conditions favor tenants, vacancies sit longer. Let's start with a national yardstick. The average American vacancy was 31 days in the past six months - that is two days less than 12 months earlier."

"Golden State renters will be disappointed to see that vacant units in all six California metros studied have been renting faster than the U.S. pace. In much of the Southern U.S., for example, heavy apartment construction has created numerous renter-friendly markets with plentiful empty units. Here are the California renting speeds, ranked from fastest to slowest, which vary by as much as eight days ... Sacramento: 22 days average over the last six months, third-lowest nationally."

Nationwide, the six-month average time on market for apartments was 31 days, two days faster than a year earlier but three days slower than the seven-year average. Vacancies rent quicker in tighter markets and linger when conditions favor tenants. All six California metros tracked rent faster than the U.S. pace. Sacramento averaged 22 days, half a day slower year-over-year and one day longer than the seven-year average. Inland Empire averaged 24 days, up two days year-over-year and three days above the seven-year average. Los Angeles–Orange County, San Francisco, and San Diego averaged 29 days; San Jose averaged 30 days.

Read at The Mercury News