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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0 L: [6 P) g- ~1 c- T: NSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.

: H3 ]* M) f7 j* rEdmonton house prices now are down $50,000 from their May peak of $426,028.
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# \" @$ v! ]8 r0 L" dThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
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" I# d" C, M0 z8 P; x1 Y2 fThe 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."

4 I( W: h* C0 N+ _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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. |5 I! D  N& \. |狂砍价的后果终于出现了。

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