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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. F* J& z' b( A  r$ E, \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.

: E$ ]$ A) W* V8 u. f: e; `The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.

# L* x0 `- r; G: s$ pThe average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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* ^/ `; ?! P* D& e8 v8 b"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."

, }) j' c1 X. a" a( t6 ADuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
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- K" Z; S5 r6 b; P, U* rPratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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! _' _" P/ v% T/ f6 R狂砍价的后果终于出现了。

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