From competing offers of 20 to houses having $200,000 price reductions, we live in an unpredictable market! The highest records sales have been reported in the last few months and it appears now to be slowing slightly.
I have heard many crazy stories about homes and condos selling in one day. I personally sold my own condo in one day with competing offers in May. A far cry from what we experienced last year with what I call the "Condo Slump". With houses going crazy, condos and townhouses are the only property new buyers can afford.
We are living in a crazy feverish buying frenzy world, where housing prices and rents are out of control. All you have to do in tune in to the radio or see the news to hear the stories!