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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.2 w' W9 S2 c2 L0 i! c, T
8 I8 z8 u8 I- ~% d/ L9 uSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277. - I8 L4 O( R M! V2 q( ?; i
- S3 M* L Z: E+ IEdmonton house prices now are down $50,000 from their May peak of $426,028.
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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.+ Y) ]8 w% Y1 G: ^: g& ?
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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."& d; l! }. e* l3 G
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During 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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发表于 2007-12-4 12:22
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