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.

" |; Q+ m* p( Z4 ~  L3 ?' ]2 cSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.

1 S# p( Z8 A; I1 t$ t2 bEdmonton 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.

+ U6 G0 s0 B+ ?6 n0 e& x"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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. T, \. ~( G5 X1 D- l  f/ sDuring 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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/ f7 e# a+ a* K狂砍价的后果终于出现了。

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