Quote:
Originally Posted by Jedi Ninja
In the > $500K segment, you will still have some leverage, but in the < $500K starter SFH segment, you can forget about it, things are absolutely crazy right now, it's almost like 2006. Overall, the CREB website is reporting barely over 2 months inventory for SFH right now. By any measure, that is a seller's market.
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For the last month or so, I've been regularly checking the mls listings for houses in the $400,000 to $500,000 range in Okotoks, and frankly I don't see a lot of movement there.... other than prices being dropped.
I suspect its even worse for houses that are priced over $500,000.
IMO, its still a buyers market for anything over $425,000.