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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.. _7 V0 c' c( Z. _( V% h
5 C* ?: x( u% {% y2 w; W- [Single-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277. % S( Q# H/ G6 I( f4 a
$ c' i3 I/ q0 Z2 _" PEdmonton house prices now are down $50,000 from their May peak of $426,028.
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The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.; D/ S$ J. }* n$ g3 ~! B
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.) I, e) ?- `2 Z. D: h
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"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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) l Q( o" v- i; \6 k3 l; _Pratt predicted that inventory will continue to fall and that prices will rise slowly in the spring. |
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发表于 2007-12-4 12:22
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