Property prices for rent in Morenci (Michigan)

The price per sq.feet in Morenci has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.22. In December this price barely changed remaining at $1.22 per sq.feet. The price for the following two months in (January, February) fell 91 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 52 % 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 $1.16 to $0.61 during March, and April.

When referring to the price in Morenci (cities), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $813. In December This price remains at $813. In the following two months the average price has hardly changed with regard to the previous two months from $813 to $803. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 91 %, going from $808 to $739 in March and April.