Their agents are telling buyers to wait…but wait for what? Wait how long? Wait for who? It’s irresponsible to make such casual comments.
Not mentioned in this article is that a good agent can overcome all these obstacles, and a bad agent makes them worse:
Well, I’m seeing a lot of the OPT’s and/or the “sure I’ll sell if you are dumb enough to pay me X” listings that are starting to expire and not be relisted; they’ll wait for the next year and re-list for X +10%. So the ‘real’ inventory number will reveal itself by next month. Won’t be pretty, but buyers will resign to another year in their situation and quickly get wrapped up in school and then the holidays….
Agreed, and it’s setting up to be a long cold winter.
To the buyers who have agents telling them to wait, you should call me.