I'm in the same situation and my realtor told me to wait until the new year. He says that about 9000 new condos are going to be coming on to the market and a bunch of those are going to be put up for sale.
Think of it this way, all those new developments still need to be built regardless of whether there is a buyer or not. New develpoments are not selling very well right now and new home builds have basically stopped. There is no reason for a developer to hold onto those properties once they are done, so they will be trying to unload them. I would wait until the new year and in the meantime, save up.
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