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.

' P: p) y8 W" p( M& MEdmonton house prices now are down $50,000 from their May peak of $426,028.
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. V' `' {" T0 _( rThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.

The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.

6 E" G7 o6 A- ]; r"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.

% s) J3 V  }% D6 zPratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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  d7 \7 n  \7 z+ P1 }% F狂砍价的后果终于出现了。

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