Quote:
Originally Posted by JRW
So in the past 10 days, the total sales stayed relatively constant -45% compared to previous year, and the active listings went from +78% to +113% compared to previous year. Average price went down to roughly that from Jan 2014.
It's getting interesting.
Went to see an open house yesterday, asked the realtor how are the sales now because I heard there was a slowdown. His response? "Never better, it's super busy time. Great time to buy a house now!"
*cough*
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Friend of mine went to showhomes in Mohagony couple of weekends back. Crickets, she was the only one there.
Inventory at 5+ months now. Swinging towards a buyers market, but prices have to follow first. Will they and by how much?
http://business.financialpost.com/20...nventory-soar/