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 $252,277.
4 G' j/ X7 X" t+ D0 y. }: Y$ @
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.
& p* d5 y# ?8 ?, }
5 j. q! s3 l% \! {9 i0 q9 OThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
$ x9 C) j' {# M: ^9 S
; z& L* Z& X) v( @1 w"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."
9 b, B; }7 K  B0 m+ N
During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
: y/ H+ X8 ?, m3 [( Z
Pratt 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。

dezhongxiao