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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.
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( x- L4 W# [4 x: k% RSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277. 1 n' [* N4 C% |' x
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Edmonton house prices now are down $50,000 from their May peak of $426,028.
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# H. |' m) x& K( n# E( B kThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.: N9 C6 v0 a' b0 `1 N
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"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings."/ T$ @3 D7 N. u7 G
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During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.8 i4 }, O5 y# \, j: w" D6 L
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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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发表于 2007-12-4 12:22
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