The rent prices in real estate in Redding, in the Connecticut 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 Redding has had a strong fall during the last 6 months. In April, the average price per sq.feet was $6.03. In the following month the price per sq.feet rose considerably to $7.41. The price for the following two months in (June, July) had a considerable fall of 79 with regard to the previous two months. The price per sq.feet has had a considerable fall of 17 % 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 $6.02 to $1 during August, and September.
When referring to the price in Redding (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $20,150. In May This price remains at $19,200. During the following two months (June, July) the average price had a considerable fall of 64 % 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 $16,166 to $3,045, which means a 19 % fall.