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.
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3 Q  I0 x6 p! W  {Single-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.

Edmonton house prices now are down $50,000 from their May peak of $426,028.
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  A1 D2 o1 t/ z# d9 rThe 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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1 G( n0 U! {, [& N# y* C6 Z0 h+ T"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$ s  K7 p9 V" Y3 CDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.

; p4 K7 d- w' l$ j" d+ E7 x& h, JPratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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9 ~4 R/ C; `' N7 h; K" Q, w狂砍价的后果终于出现了。

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