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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Single-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.
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; ^  C9 _! J9 F) a$ `4 {: bEdmonton house prices now are down $50,000 from their May peak of $426,028.

" B( ]! f* P2 Q9 RThe 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.
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! p4 P+ K& T6 a6 a8 W% r"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."

7 v$ j) L9 R# d0 P% `During November, residential inventory dropped to 8,667 properties from 9,577 a month earlier.

3 A% j2 c/ f9 sPratt predicted that inventory will continue to fall and that prices will rise slowly in the spring.

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! G1 P; v. A! n9 c4 L狂砍价的后果终于出现了。

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