Using the last two years as a predictor for what might be in ‘08, the chart below shows a spike in Inventory levels in Piedmont after Sept 06, but the spike occurred several months earlier in 2007 when many more sellers decided to hit the market in May.

2007 is probably the best predictor for ‘08. If you’re planning to sell your Piedmont home this year, it may be better to hit the market in the Spring .