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EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.
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Single-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.
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- I+ E$ ^% r% L7 p4 l4 Q2 jEdmonton house prices now are down $50,000 from their May peak of $426,028.* O+ Q0 M# Y6 N, ]
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The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.( W) z. b) k+ m& F9 a Q2 m6 a5 L
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.1 {5 h& l0 D3 e
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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."
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During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.9 t# z% |7 Z/ _0 V
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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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