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.

& z+ ]. j. I) C# v3 a" h1 kSingle-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.
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# a9 p. [7 q) QThe 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.

"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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, C8 I+ P( Q4 f  N. HDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
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Pratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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; g6 d& p8 L5 y9 }2 R狂砍价的后果终于出现了。

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