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.
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) a2 Z# }* `# C5 ~2 |Edmonton 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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6 O+ r6 U& ^4 r, a1 H! OThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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% S8 \6 W# X0 E, p4 W. R3 j"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."

, L$ U, d* p, T  }) {During 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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6 n3 @' \" A# ~3 {狂砍价的后果终于出现了。

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