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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  Z# T" @9 B% ?8 u7 x8 [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.

& b! ]' T% d3 P  h; DThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
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7 z# t0 k% F8 M' Q; tThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.

"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."

% k. r; S. d6 N6 s+ R3 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.

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- I& _$ j0 u0 Q; ~+ I* A/ A狂砍价的后果终于出现了。

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