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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. 3 j( n; _5 I4 [ L- X C! H" r% q
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Edmonton house prices now are down $50,000 from their May peak of $426,028.6 ^) C2 \7 ~5 G% f
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The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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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.* p o+ C' |; n( l2 p
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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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发表于 2007-12-4 12:22
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