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 }, ^4 O5 |% P8 {6 A3 A# y( ESingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.

, \$ x% l( }: d! Z& J3 oEdmonton house prices now are down $50,000 from their May peak of $426,028.

" \# B, z: ~- K! t& ^The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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! P+ g( m3 A( U- H% Y" M' D' x"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings."
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$ d! @( t) R7 r2 j1 G* Y+ c  PDuring 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.

giss

狂砍价的后果终于出现了。

dezhongxiao