The rent prices in real estate in Luzerne, in the Pennsylvania 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 Luzerne has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1. In November this price barely changed remaining at $1 per sq.feet. The price for the following two months in (December, January) had a considerable fall of 50 with regard to the previous two months. The price per sq.feet has fallen 95 % 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 $0.75 to $0.71 during February, and March.
When referring to the price in Luzerne (cities), this has fallen in the last 6 months. In our first sample month during October, the average price is $1,698. In November This price remains at $1,698. In the following two months the average price has hardly changed with regard to the previous two months from $1,698 to $1,697. During the last two months the average price has fallen greatly compared to the previous four going from $1,697.5 to $1,304.5, which means a 77 % fall.