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.

# t: m" _2 {2 Y" q1 \; [5 L" f/ ^Single-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.
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Edmonton house prices now are down $50,000 from their May peak of $426,028.
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4 Y& a! v# @2 C- ^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, $325,060, is still up 15.1 per cent from November 2006.
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& o: d1 z: p. b5 \. }5 g8 @"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings."
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+ V$ v# I% l* H7 P: z$ E+ pDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.

7 L* z& M- [* x. b; q8 h4 gPratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

giss

狂砍价的后果终于出现了。

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