Edmonton home prices dropped an average of 6.5 per cent in November from October

bole

EDMONTON - Edmonton home prices dropped an average of 6.5 per cent in November from October.
( h5 d" Y+ Q) @) v3 W  h8 i
Single-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.

) w4 Q7 S! m7 CEdmonton house prices now are down $50,000 from their May peak of $426,028.
& @- c* R+ r3 i9 V+ X+ X& B
! y  k5 s' ~8 y  W1 l/ h4 KThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.

' k% x( o- U+ W1 JThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
9 X+ |# `4 ?) g* X
% P. a8 W/ R: @"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."
9 d% ^- R# M/ r: I+ y
8 A0 D! F% `) r. e4 N8 |) dDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.

Pratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

giss

. P" k/ B2 T' ^2 |' t狂砍价的后果终于出现了。

dezhongxiao