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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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Edmonton 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 $311,193.8 Q& @# V( a/ f/ T- T& Q9 p4 }
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006. N# G9 G- {% Q6 V' a- Q2 k7 s+ J
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"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."' E& s; S' @8 T4 R/ {) _- o" |1 g& i0 l
" Y2 v/ e, H: x- u) S4 i5 sDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.! w+ j: E1 N4 x9 Z
* Y& Z7 _! J0 L7 I2 S' _Pratt predicted that inventory will continue to fall and that prices will rise slowly in the spring. |
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发表于 2007-12-4 12:22
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