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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.
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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, $325,060, is still up 15.1 per cent from November 2006.0 J3 X5 N$ K# Y" K% k
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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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: C9 J% Q& v1 y5 O; L; h0 dDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.8 p) ]* Z& }& i, h0 \9 G. N/ D
* b; f0 z& d1 t$ M' P4 YPratt 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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