Call it a gut instinct. Maybe it is a little more then an instinct. I have some buyers and each day their search shrinks by one or two houses a day. I am getting a little nervous. This reduction of homes at the low end of the market signals a price rise. The less homes available the more they will be bid up. As the selling price rises we all price our listings just a little higher.
This happened last year. Eventually people got greedy and the prices dropped a bit. But a search that started with 90 houses now has 70. Most of them bad. I am beginning to fear that my buyers might wait long enough that they are priced out of the market.
They were supposed to take a day off but its been 8 days. The best homes are gone and new ones are not showing up to take their place. Therefore I feel the prices are about to rise in Boise,