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.
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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.

8 L9 E- U: c. N; s0 ^, i7 H# |% iEdmonton 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.

- t, c2 D7 z# \6 O$ \7 A& W, O9 qThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.

* U9 q# [8 O0 d+ p6 [" @5 }"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.

, ]4 B8 {0 J+ d  _- nPratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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3 ]& Y5 \- a$ Q0 i3 i( N2 i" r狂砍价的后果终于出现了。

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