These are America’s most ‘overpriced’ housing markets

(NEXSTAR) – As we enter peak home-buying season, you may notice your neighborhood suddenly covered with “for sale” signs. Depending on where you live, some of those homes may be “overpriced.”

An analysis by financial site MoneyLion examined where homes are being listed for more than the area’s typical home value, meaning they could be “overpriced.” The study looked at the 200 largest housing markets, comparing the Zillow data for average home value and median list price.

In one metro area, the coastal community of Santa Maria, California, homes are listing for more than $600,000 over their average value, MoneyLion found.

Other common “overpriced” metro areas are in Texas; the Lone Star State has six spots in the top 20. The South is also well represented, with homes in Florida, Alabama, Louisiana, Arkansas, Tennessee, North Carolina and Mississippi listing high.

The 20 metro areas with the most “overpriced” homes, according to MoneyLion, are:

How can you tell if a home you’re looking at is........

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