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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. [Read this article]
The post Housing Markets Where Home Listings Spiked This Summer appeared first on The Open Door by Lennar.
