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

bole

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 $252,277.
' B+ k. i! ~; z! f. d- z$ _
9 D; _+ g0 a8 o! ]. HEdmonton house prices now are down $50,000 from their May peak of $426,028.

The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.

The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
/ u( i+ J. ^; y6 v* P& _
"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings."
& X# |( |. g$ J1 v
+ u- d' N) `' n, P' S, P% zDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.

+ j' r# h' [9 W1 x- {9 {) v) pPratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

giss

! }2 P" ~  e8 d& i) u% O+ |狂砍价的后果终于出现了。

dezhongxiao