The rent prices in real estate in Newton, 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 Newton has had a strong fall during the last 6 months. In April, the average price per sq.feet was $2.48. In May this price barely changed remaining at $2.57 per sq.feet. The price for the following two months in (June, July) fell 94 % with regard to the previous two months. The price per sq.feet has had a considerable fall of 51 % 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 $2.45 to $1.24 during August, and September.
When referring to the price in Newton (cities), this has fallen considerably in the last 6 months. The rent price in April is $3,132, rising in May till $3,341. In the following two months the average price has hardly changed with regard to the previous two months from $3,236.5 to $3,302.5. During the last two months the average price has fallen greatly compared to the previous four going from $3,269.5 to $1,579.5, which means a 48 % fall.