The rent prices in real estate in Otisville, 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 Otisville has had a strong fall during the last 6 months. In November, the average price per sq.feet was $1.98. In the following month the price per sq.feet fell considerably to $1.41. In the following two months the price per sq.feet has practically remained the same, going from $1.7 to $1.62 per sq.feet. The price per sq.feet has risen 105 % 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 $1.66 to $1.75 during March, and April.
When referring to the price in Otisville (cities), this has risen considerably in the last 6 months. The average price during our first sample month during November, is $1,570. During December the price went through a considerable rise reaching $2,571. During the following two months (January, February) the price has had an average rise from $2,070.5 to $2,341. Based on an analysis of the first four prices and the last two months the average price has increased 109 % during the last two months.