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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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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) w. @8 F2 e1 W9 i. WEdmonton house prices now are down $50,000 from their May peak of $426,028.

' U  `! x4 H1 b$ y4 k  GThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.

) s; I  U' m* t  |# NThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.

& ^, |8 a* O4 h% N1 Z  t! M"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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- d6 U4 i: f9 @5 T5 _, v5 s; J+ ]During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
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Pratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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; N& j* W+ C; n) F* h( f: S狂砍价的后果终于出现了。

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