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.

6 t2 J' o3 `( VSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.

. q$ B4 F) [- E; REdmonton house prices now are down $50,000 from their May peak of $426,028.
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% q" r, M4 P! F, ~- ?3 bThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.

& c7 n5 u0 t( \9 c4 b+ GThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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7 e! `# z6 y6 C' ]5 ]"The current market is very price-sensitive," Carolyn Pratt, president of the Realtors Association of Edmonton, said today. "If property is not priced right for this market, it may languish in the listings."
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During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
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- g% R+ U$ w8 i2 O, n5 Q6 N& LPratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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# T/ S- j5 g% b/ O2 d% L狂砍价的后果终于出现了。

dezhongxiao