I assumed that since the shops are supposed to open at 8AM if I slept till then I could walk out and sell my goods. I have noticed this is not the case. I've sleep until 8AM or later and when I walk out of the Inn the shopkeepers are just headings to their stalls. It seems like when I sleep/wait the whole world just stops in their tracks. I don't believe I've adjusted any settings to affect this. Any ideas what could cause this?

8:30am is when they start selling.

I'm not sure everyone does stick to a proper schedule...

I wish the bards would, though. A woman was singing loudly when I went to bed and was still going when I got up. Who can sleep through that?

It's pretty close. Some will be at their stands with their typical "selling" yells (ie. "Goods fo sale!") but they won't actually let you buy or sell.

Apparently you can.....