Glut of Inventory in January? Let's hope so.

I ran across this article in the SacBee about the real estate market up in Sacramento. It doesn't sound very promising as many people are trying to sell their homes. One quote in particular stuck in my mind - I hope this will be true of the Bay Area market as well:

"...Michael "Brick" Brickner, an agent with Lyon Real Estate in Sacramento, said he's "scared as hell" that a slew of homeowners will list their properties come January, figuring the new year is a better time to sell. If that happens, "it's going to be a lot more challenging to sell a house".

If what the realtor says above does happen, there should be a lot of new homes listed on the market in January (there has been 1 in the last 2 weeks so far). We'll see - hopefully sellers will be more reasonable (desperate).