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looking bright? Maybe

Well here we are having gone through a November most realtors would like to forget, only 5% of all the listings sold. Now all of a sudden out of nowhere the amount of buyers has picked up. There are some deals to be had right now and who knows when this will bottom out.

The only way we do know of course is when we see prices rising. This normally occurs when there are few listings and traditionally January and February are the months with the fewest listings so time will tell.

From a sellers point of view a settling down of the market will be a good thing, not so buyers.

There is no indication of the market collapsing like it has in the USA and the lower mainland if BC has a good economy which also seems to be holding steady, I still see signs on construction sites for carpenters and laborers so I take that as a sign the building trades are having trouble getting employees.

Anyhow to all of you out there have a good Christmas and all the best for 2009


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