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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Edmonton house prices now are down $50,000 from their May peak of $426,028.
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The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.

- e# b2 A/ x2 o, c' UThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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6 X4 `2 {( D$ T. j0 p6 `"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."

) @  V% w  M( W) wDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
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' S0 v. Z0 P8 L/ YPratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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9 j2 g" p, D) _/ q2 i4 t6 o9 W7 r' v狂砍价的后果终于出现了。

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