The rent prices in real estate in Alto, in the New Mexico region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Alto has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1.83. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (December, January) had a considerable fall of 71 with regard to the previous two months. The price per sq.feet has had a considerable fall of 83 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.21 to $1 during February, and March.
When referring to the price in Alto (cities), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,867. In November This price remains at $1,865. In the following two months the average price has hardly changed with regard to the previous two months from $1,866 to $1,865. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,865.5 and $1,865 between February and March.