The rent prices in real estate in Short Hills, in the New Jersey 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 Short Hills has had a strong fall during the last 6 months. In November, the average price per sq.feet was $140. In December this price barely changed remaining at $134 per sq.feet. The price for the following two months in (January, February) had a considerable fall of 0 with regard to the previous two months. The price per sq.feet has had a considerable fall of 64 % 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 $68.5 to $44 during March, and April.
When referring to the price in Short Hills (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $4,493. During December the price went through a considerable rise reaching $7,011. During the following two months (January, February) the average price had a considerable fall of 0 % 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 93 %, going from $2,876 to $2,667 in March and April.