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.

Single-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.
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2 p- f! G2 `$ _& k/ pEdmonton house prices now are down $50,000 from their May peak of $426,028.
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: Q! a2 y! O0 ~* ~" Z" C" SThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
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% W' ?! ?( G1 p! o0 W8 w* xThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.

$ v. ^" t; W8 \" r& [, l8 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."
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During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
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6 U8 a" C" J" x* w& P3 u6 vPratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

giss

狂砍价的后果终于出现了。

dezhongxiao