The buyers as well sellers are in a mood to wait for now as far as the real estate is concerned. It is not only the sales that are down but the numbers of new listing are also considerably below average. At least The Real Estate Board statistics released today indicate this.
“The last half of 2012 was like a Mexican standoff. Buyers kept hoping for greater price drops while sellers who didn’t have to sell just took their home off the market rather than lower their price,” said Scott Olson, president of the Fraser Valley’s Real Estate Board.
Here is full report !!