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.

( j- d1 D3 Q3 r1 FSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.

: X. R, Y" _$ o6 f- F4 j4 TEdmonton house prices now are down $50,000 from their May peak of $426,028.

" b) L; @4 Z, `4 R8 ?6 jThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
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/ t  P, v1 ^# g, \0 h% yThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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4 h% g) Q/ f8 d+ k8 ["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."

$ F- S3 I) x! a! x, M- K  ^During 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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! v# l$ i& A0 t; F狂砍价的后果终于出现了。

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