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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& g8 r; g: H3 \* h3 _3 F* W$ M: Z5 pSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.

0 w/ |( @# X* _, T- t) {" S1 GEdmonton 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.

" l- P$ i/ G2 OThe 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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6 c2 F* ~8 f/ X# W9 M  TDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.

/ ^0 q7 c+ H$ t! v+ {, d3 l- F4 i& ~Pratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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0 W, \9 x* V8 ?' _- F6 y) N. I+ n狂砍价的后果终于出现了。

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