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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- r! `, e( W, SSingle-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.

. u6 W0 a- r% d8 XThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.

# B- \$ t0 @; m- a( E; LThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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9 F) p: F: a% U"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings."
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% `( i& p9 b/ P$ @8 rDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.

Pratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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' a3 A0 r9 i0 d狂砍价的后果终于出现了。

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