Edmonton home prices dropped an average of 6.5 per cent in November from October

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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.

Single-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.

/ ?5 }$ Y0 b+ fEdmonton house prices now are down $50,000 from their May peak of $426,028.
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# t1 n% b# @! GThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
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/ b- b3 Z; s7 S4 [- q9 B; KThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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" a% \. D5 `4 t5 ^"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings."

$ m9 x8 P5 g7 B; l# {During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
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! F4 j3 A) a7 W3 pPratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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8 d0 K2 b8 B0 Z$ p5 {狂砍价的后果终于出现了。

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