I think that PQ still has potential downward movement with a large dependency on the type of home you are buying. Are you looking at single family detached or are you looking at some of the twin homes? All you can do to measure the quality of your deal is compare the deal you are getting to previous sales. Your deal may be good compared to 2006 pricing but not compared to 2003 pricing. Additionally what may be a good deal now may not look like a good deal 2 years from now. Yours is a starter situation where it sounds like you are trying to hit the school district. Is there any chance you can rent in the area so you can still get in the school district, yet continue to save money for the downpayment?
