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.

( f3 f* P5 r' `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.

8 m; q8 D. P) Z" zThe 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, $325,060, is still up 15.1 per cent from November 2006.
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, ^+ ~8 @, B$ U7 C- Z$ l"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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6 Q/ {2 q* K2 `2 bDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.

2 h0 A2 ?( G/ F. \8 q! m# qPratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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" Z4 y: ]+ g0 F9 l) {) M! s7 C$ v狂砍价的后果终于出现了。

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