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.

7 C( e1 ]4 A& I; T5 H. y! C: ~1 BEdmonton house prices now are down $50,000 from their May peak of $426,028.

! e, h: e; S* W- U; W$ rThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
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2 R- x3 U, K  k  xThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.

* G+ U3 @& Q2 h0 F4 _% |"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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, x0 e3 N$ o4 x% D+ UDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
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Pratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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  n" Q  b% {! t* Q6 U, y+ }& J狂砍价的后果终于出现了。

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