Well, the good news for Sellers is that the NEW listings this week totalled 180 versus the previous week at 325, so that means not as many new listings to compete with.  We saw 223 price reductions versus 240 last week, so not much change there.  Sales were only 41 for the week versus 76 last week.  As we have a short week due to the Thanksgiving holiday, there is likely some impact there, but I believe we are also seeing the fallout of the negative press around financial markets before the bailout packages, as it takes a bit of time for sales to get processed through our system.  

I am holding an Open House on Sunday, October 19th at 3588 West 31st Avenue from 1 pm to 3 pm.  The new price on this property is $925,000.  Come check it out!