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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; y% ~+ l/ j) |/ RSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.

' m3 ~2 r! S% e/ h" D) VEdmonton house prices now are down $50,000 from their May peak of $426,028.
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- K" M; R( A* M% W) mThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.

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."
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, ]4 ?- r+ b/ V! x( @, }During 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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7 e  b( A; V0 q狂砍价的后果终于出现了。

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