Of course, it all depends on where you are in the market!
First time home buyers - It's a great market! The interest rates are still good and the prices are lower than they were a year ago!
Trade up buyers - It's a great market! If you sell a $300,000 house and lose 10% but buy a $500,000 home and lose 10%, you actually come out significantly ahead! A few years ago, you would have ended up in multiple offers and you would have had to pay lots more money in the end.
Investors - It's a great market! There is a lot on the market to choose from, you can probably get investment houses and multi-families at great prices and there is an ever growing pool of renters.
Trade down buyers - It's a time when you could lose money unless you are trading down in space only. What we see is lifestyle homes, mostly new or newer at quite high prices actually. There is quite a lot on the market and it isn't clear that they are actually selling so stay tuned! There may be some good buys here next year when the builders have got the message!