The rent prices in real estate in New Suffolk, in the New York 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 Suffolk has had a strong fall during the last 6 months. In October, the average price per sq.feet was $1,061.91. In the following month the price per sq.feet fell considerably to $400.4. The price for the following two months in (December, January) had a considerable fall of 20 with regard to the previous two months. The price per sq.feet has had a considerable fall of 75 % 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 $438.04 to $327.98 during February, and March.
When referring to the price in New Suffolk (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $10,456. During November the price went through a considerable rise reaching $17,622. During the following two months (December, January) the average price had a considerable rise of 129 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $16,064.5 to $15,054.5 in February and March.