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.
7 }  l7 b9 X& U! s" L( P
% B5 C8 T3 k# @9 U1 _0 l7 RSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.
" B5 L) [1 [* f5 J6 O2 g5 z) b
9 @, z) X  Z" B; @) }Edmonton house prices now are down $50,000 from their May peak of $426,028.
" t0 G2 [5 P1 c
# A; x7 b: m9 W" pThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.

5 q( \2 r2 {2 h: wThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
4 I! C; J0 U& r" m$ X
2 A* ?" @9 a# `"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."
2 ~' H& E: Q# Z
During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.

Pratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

giss

9 S& T/ w/ P. w狂砍价的后果终于出现了。

dezhongxiao