The prices in real estate in Allen Park, in the Michigan region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Allen Park has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $145. In May this price pretty much remained the same at a value of $142 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $143.5 to $147.5 per sq.feet. The price per sq.feet has had a considerable deflation of 53 % 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 $145.5 to $76.5 during August, and September.
Based upon to the price in Allen Park (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $168,697. In May This price remains at $163,296. In the following two months the average price has remained the same with regard to the previous two months from $165,996.5 to $170,873. During the last two months the average price has had a strong fall compared to the previous four going from $168,434.75 to $87,741.5, which means a 52 % fall.