I heard this morning a tale about what another agent elsewhere in the Tri-Cities is telling people. This agent apparently has a crystal ball and is telling his clients that they need to sell NOW because in a year, the bottom will have dropped out of our market and they will have to sell their homes at a 10% lower value than they can today.
Instead of lying to people, and making up stories about the financial boogeyman, I prefer to simply show you the stats. We have very little inventory right now. There are NOT a lot of homes on the market, especially as compared to this time in years past. Fortunately, supply does seem to be making a small upward tick, so perhaps this will be a temporary problem.