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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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Edmonton house prices now are down $50,000 from their May peak of $426,028.- n% o0 [* Z+ d, @% t& s# ]
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The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.1 R% X5 m6 g9 d, t" n; L8 \7 E
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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8 u7 Y# X9 f% r"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."! v" J9 ]+ m; `6 D) V3 n4 g6 p/ M
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During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.. x e1 z8 z7 M
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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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