Quote:
Originally Posted by SteelTown
House prices on the decline
Ken Mann
11/4/2008
It's a buyer's market.
The latest figures from the Hamilton-Burlington Realtor's Association continue to show a dramatic shift in resale figures.
For starters, the average price decreased by 8.7% in October, when compared to the same time last year. It's the first time that has happened in several years.
The number of properties sold last month also plunged by more than 27%, to a total of 926. Year-to-date sales are down about 10%.
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You know you'll never hear anything like this coming from the Realtors Association. It's always like "everything is good"