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.
1 }+ T+ r+ d( s& [: p# u# ]* D
Single-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.
+ R! P; R. V/ ]$ G, v& C* p
Edmonton house prices now are down $50,000 from their May peak of $426,028.
  n- n* \7 U6 u" T, `1 A* ]/ q
. R; V; o. I3 x$ e# |# E5 ~( L' m# eThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
% F" }' O7 _% m( x) c
The 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."
5 ~, z7 ?4 p3 I# v1 A! {" r1 A" x. a
- q3 N1 y2 L, Y" oDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
0 e$ q8 q5 C1 G( a2 K. V" n
Pratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

giss

# u/ R9 k* G) x+ O7 V7 `: H狂砍价的后果终于出现了。

dezhongxiao