sdrealtor, so you think that 20-30% of the sellers are just testing the water and they will pull their listings off the market. Lets assume that you’re right and there really is 20-30% testing the water. According the many sites that track invetory, inventory went up about 27%. So in 3 months, inventory will go up 27% at the current rate of increase, and then drop by 20-30%. By your best case scenario, we’re looking at a 3% decrease in inventory from today’s population adjusted record high. That’s still alot of houses that need to be sold. That doesn’t count in the people that will be force to list their house because their ARM adjusted that’s not listing now. $300B nation wide this year and $1T next year.
