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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6 p' f; \0 Z+ YEdmonton house prices now are down $50,000 from their May peak of $426,028.
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, r% k! C8 x7 q) BThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.

: u  w- {2 t$ ]; W1 _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."
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# H9 X9 v+ r- d/ jDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.

( E4 q! O* l/ y4 N* Z3 v7 r8 u7 EPratt 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