The prices in real estate in Allouez, 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 Allouez has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $193. In the following month the price per sq.feet decreased to $175. In the following two months the price per sq.feet has barely changed, going from $184 to $184.5 per sq.feet. The price per sq.feet has had a considerable deflation of 72 % 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 $184.25 to $133.5 during March, and April.
Based upon to the price in Allouez (cities), this has fallen considerably in the last 6 months. The average price for November is $424,575. During December the price had a slight fall till $390,833. During the following two months (January, February) the average price had a considerable reduction of 80 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $366,335 to $197,634, which means a 54 % fall.