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.

) G3 S! w5 B( ]; R) z+ X( xEdmonton house prices now are down $50,000 from their May peak of $426,028.

The volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.
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The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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- N# Q9 z! a& n, T- N9 Y"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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6 b: [& D1 v8 ~# a9 D' fDuring November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.
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& R+ m2 @# P; |& m4 E9 y# E& pPratt 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