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.

, p) l( W6 X% F' @3 j$ _9 yEdmonton house prices now are down $50,000 from their May peak of $426,028.

2 ^2 ]& C$ @( G* S% P2 JThe 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.

5 Z' E" n4 ?- [+ F1 L9 H"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."
; ]9 y" E: F. K6 s) H
During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.

Pratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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% V* C, x& P' Q$ @, M  @狂砍价的后果终于出现了。

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