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

Edmonton house prices now are down $50,000 from their May peak of $426,028.

! j# ^  i# E6 C) A/ xThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.

The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.

: \3 P# `3 Z. O# s; ?"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."
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During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
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9 g: g+ Q" h" }3 YPratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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* c& ]* n7 M9 I- `1 X+ t+ ^6 c狂砍价的后果终于出现了。

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