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.

4 c* ]5 @+ L/ u0 P& WSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.
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4 J4 c: a1 K# h; t5 |Edmonton house prices now are down $50,000 from their May peak of $426,028.

% A5 k9 H& r- C( eThe 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.

3 h, X% s' `( e& Q"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."

! \) z% ~: r2 j+ wDuring 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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, w$ r1 M8 i3 G狂砍价的后果终于出现了。

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