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.

Single-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.
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4 q9 o! E; t; s2 C3 m- |Edmonton house prices now are down $50,000 from their May peak of $426,028.
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5 F5 g; ^3 v2 O, EThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.

9 C1 d" }0 W% z1 c9 Y9 FThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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"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."

2 E: l. o: |+ n: A/ r' H; J1 G8 T* c5 UDuring 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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4 t: g9 B; Y. X- I狂砍价的后果终于出现了。

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