The rent prices in real estate in Morton, 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 Morton has had a strong fall during the last 6 months. In April, the average price per sq.feet was $1.19. In the following month the price per sq.feet rose to $1.33. The price for the following two months in (June, July) fell 88 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 42 % 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 $1.18 to $0.5 during August, and September.
When referring to the price in Morton (cities), there have hardly been any changes in the last 6 months. The average price during our first sample month during April, is $776. During May the price went through a considerable rise reaching $1,201. During the following two months (June, July) the average price had a considerable fall of 85 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $912.5 to $471.5, which means a 52 % fall.