[tkret]

Here is food for thought: historically when the inventory of unsold homes on the market is at 6 months or under, prices tend to rise. However, when that figure rises above 6 months, of course the opposite takes place. Currently, on a national level, the inventory of unsold homes is just under 10 months with some areas of the country significantly higher than that.

When a merchant has too much inventory on his store shelves he has no alternative than to put it on sale. Homeowners, although they don't think so, MUST price their homes to market. They must price it at what a consumer (buyer) is willing to pay for it.