The rent prices in real estate in Ludington, in the Michigan 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 Ludington has had a strong fall during the last 6 months. In April, the average price per sq.feet was $1.32. In the following month the price per sq.feet fell considerably to $1.12. The price for the following two months in (June, July) fell 92 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 48 % 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 $1.17 to $0.56 during August, and September.
When referring to the price in Ludington (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $1,095. In May This price remains at $1,044. In the following two months the average price has hardly changed with regard to the previous two months from $1,069.5 to $1,036. During the last two months the average price has fallen greatly compared to the previous four going from $1,052.75 to $518, which means a 49 % fall.