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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, [! i' n# I0 \* }( \Single-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.
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& m1 b& _8 M& p/ z1 c6 h  CEdmonton 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.

1 P# P* k3 w/ {The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.

"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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& L0 |, p# c8 Q/ w  d2 B; DDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
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8 o$ i) J; Z; L, B; e7 YPratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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" ]7 e6 N; e4 U/ A9 r+ g狂砍价的后果终于出现了。

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