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.
3 g6 n! H: v, g
Single-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.

" n& c1 j% M3 z% a1 U3 b! EEdmonton 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.

1 b% K- K2 _! `( D- L% o" ]The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
. ]& {: G: b. y# Z- n5 t
7 \" {8 \5 D2 @5 m# V0 Z3 c"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings."
/ ~" e. t0 v( ]* t' N2 d$ m9 K& i/ N
) a% F3 |6 J' N& H/ L3 ?During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.

/ ^4 ^5 n: W2 \& u/ _+ wPratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

giss

9 o9 Y1 v$ Y0 [  R3 Z5 c, Q% I' j狂砍价的后果终于出现了。

dezhongxiao