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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( K  K) Z' {8 e- Y# C5 O6 t: JSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.

Edmonton house prices now are down $50,000 from their May peak of $426,028.

$ t) r: P( o) m. q) k9 eThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
/ O* A1 K1 B3 F1 c$ a+ O* B
! `% k" o( q! N4 W- YThe 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."

7 L4 |- u6 l' L7 m0 ]During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.

2 {2 x" g4 m% o9 X% SPratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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* t( l0 g% N! {' i, ~狂砍价的后果终于出现了。

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