Edmonton home prices dropped an average of 6.5 per cent in November from October

bole

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.

2 }6 S: K6 {( N9 g( M5 {Edmonton house prices now are down $50,000 from their May peak of $426,028.

" `5 W( e1 U: j) e: XThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.

8 u$ T$ j# J6 w; \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."
' r/ k1 e9 }4 |3 n+ b7 s
2 t( I. L- U  w/ ]8 KDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
! [, Z0 G9 n; S6 T
+ [9 ^" Y2 B5 QPratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

giss

# |: K$ o- d+ `+ O; ~0 u6 c狂砍价的后果终于出现了。

dezhongxiao