Edmonton home prices dropped an average of 6.5 per cent in November from October

bole

EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.

Single-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.
7 _* Q$ z3 K+ i) v
. E% z+ P* ~" R0 o' {) }. L- \Edmonton house prices now are down $50,000 from their May peak of $426,028.

The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
6 U( C/ Q0 o6 ]* P$ K# W
4 t: u/ U; h6 b+ e9 I" |The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
3 o7 ]% S2 q5 `
* ]2 f1 q& [3 y+ T4 R' p0 d"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."
* W- N9 W1 Y  U& w1 B
7 ?) a" m4 m7 R+ t3 S- j) V. Q* FDuring 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.

giss

: C' ~" }& T: I9 M6 Z. J  R狂砍价的后果终于出现了。

dezhongxiao