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Well, here is an open thread for your comments on the real estate scene lately. As of today, a search of the MLS in the VREB area found 1083 condos. The breakdown shows 312 were listed below the March median price of $300,000, while the other 771 were listed higher. Grand total on MLS is now 1083. So this inventory is still growing every day.

A search of Craigslist found 136 condos listed for sale. As usual, by the time you click this link the number could go up or down a bit. But probably up.

Some other interesting stories to consider and maybe comment on:

I did a search for condos in the VREB area of the MLS (2008/02/23). Today there were 1024 condos for sale!

Only 291 were listed below the January 2008 median price ($305,000), while 733 were more expensive. So only 28% of condos are currently listed below the most recent median price, while 72% are listed higher.

By the way, there were also 265 townhouses, and 880 single family homes
listed for sale as of February 23, 2008. Again, most are priced above the recent
median prices.

Only 272 single family homes were listed below the January 2008 median price
($530,000), while 608 were more expensive. So only around 31% of the single family homes currently listed were priced below the recent median price, while 69% were asking more.