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.
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! [+ J/ Y( x. g4 _6 T  }4 SSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.

Edmonton house prices now are down $50,000 from their May peak of $426,028.

The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.

, {4 q. a5 \# C0 x0 N' t6 b+ mThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.

! z1 ]7 d) D- G6 _% v7 L  n' x* z1 }"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."

8 Z5 R; K1 J4 iDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
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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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/ ]0 ]9 B( F1 Z3 S) N+ b+ n狂砍价的后果终于出现了。

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