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.

. p1 i5 S# g2 H0 DSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.
# I7 N) G! o; [6 ?0 c# g# a4 u
4 a& l6 l! W/ @- U" t: d: TEdmonton house prices now are down $50,000 from their May peak of $426,028.

3 L' R3 x' e( n5 A% zThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.

The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
  ?9 B( d1 K0 Y) l5 w: k* a
"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."

- L3 B, F5 ]" B* f/ Q7 L- Q2 l2 lDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.

$ Y! X- m$ h- E4 NPratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

giss

  L. i$ Q/ I, B$ P! f2 d狂砍价的后果终于出现了。

dezhongxiao