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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. d$ w4 j& v) NSingle-family houses fell 5.3 per cent to $376,267 while condos were down four per cent to $252,277.
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8 l/ J/ ]  _8 G  h5 vEdmonton house prices now are down $50,000 from their May peak of $426,028.
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0 S- P. N% T4 N  ?3 J! T* cThe volatile mixed category of duplexes and rowhouses plummeted 15.4 per cent to $311,193.

2 g  y6 M% o/ ~2 Y3 p: {The average for all housing forms, $325,060, is still up 15.1 per cent from November 2006.
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% I( `) p4 L" y+ a, t+ w"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.

- z# \( H/ g. ]- l5 CPratt 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。

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