Meeting the housing demand on the supply side

[Lucian Guadagnoli]

Hello BP forum!  I have heard this market's narrative from the demand-side and have a question for you:

How do you think the low inventory will be answered on the supply-side of the market equation?

The question comes from my (admittedly limited) perception that 'for sale' signs now seem to be everywhere here in CT. Homes that aren't for sale are having their exteriors refreshed and additions installed (preparing to go on the market?). It makes me wonder: are initially hesitant sellers are now eager to pull the trigger before a 'supposed' crash comes along, introducing a wave of supply?  Are builders/developers too far behind the curve to make an impact on the market as it stands?  Or is summer simply the time to refresh your home and see what the market will pay for it?

I'm a newcomer to real estate and its market cycles, and I would love to hear your thoughts on this!

Regards,

Lucian