August marks the end of a very exciting homebuying season filled with dynamic changes in local housing markets. The season began with significant inventory shortages creating pent-up demand in local markets with buyers waiting eagerly for homes to come on the market. Sellers who were able to list their homes in April experienced multiple offers and short time on market with little competition from neighbors.
As the season closed, significant month-over-month inventory increases added more competition to the April seller's markets and slowed price acceleration and time on market.
"Top 10 Housing Markets Where Homeowners Wish They'd Listed in April" includes the markets with largest increases in inventory from April 2013 to August 2013. While many of these markets are still seeing year-over-year price increases and short time on market -- sellers who wanted to take advantage of very low competition and extremely quick times on market likely would have been better off listing their homes in April.
Included with the slideshow below showing the Top 10 are sample listings in the $100,000 to $250,000 range, where some bargains for first-time homebuyers and others shopping the lower-cost market might still be found.
WHERE HOMEBUYERS WISH THEY'D LISTED EARLIER:
Listed Homes in April 2013: 2,507
Listed Homes in August 2013: 1,808
Change in Inventory: 38.7%