The rent prices in real estate in New Salem, in the Massachusetts 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 New Salem has had a strong fall during the last 6 months. In November, the average price per sq.feet was $2. In December this price barely changed remaining at $2 per sq.feet. The price for the following two months in (January, February) had a considerable fall of 25 with regard to the previous two months. The price per sq.feet has had a considerable fall of 40 % 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 $1.25 to $0.5 during March, and April.
When referring to the price in New Salem (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $2,930. In December This price remains at $2,930. During the following two months (January, February) the average price had a considerable fall of 50 % 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 $2,196.75 to $1,463.5, which means a 67 % fall.