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.

$ K# ^0 N- j5 _! XSingle-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 $426,028.
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% M: F( E$ U( i" p( FThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
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1 ]- u' I, [$ Y5 U, bThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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"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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During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.

6 l  }/ z" V& l' _Pratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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6 |* l: y2 V. U- _2 n狂砍价的后果终于出现了。

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