The rent prices in real estate in Elmwood, in the Illinois 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 Elmwood has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.24. In the following month the price per sq.feet fell considerably to $1. The price for the following two months in (January, February) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable rise of 197 % 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 $0.56 to $1.11 during March, and April.
When referring to the price in Elmwood (cities), this has risen in the last 6 months. In our first sample month during November, the average price is $924. In December This price remains at $914. During the following two months (January, February) the average price had a considerable rise of 120 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $1,009 to $894.5 in March and April.