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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' }1 S# r; r) i' Q) P) c8 w' T: C$ `5 ASingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.
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) B( I4 S1 c  \5 h# e) q+ d3 A( l  aEdmonton 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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5 i* V: D( ?& T! @: V5 ^The 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."
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# e8 K& @- e" F! y# X3 D$ s4 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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3 H7 O0 R: Q2 H" y! s狂砍价的后果终于出现了。

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