The prices in real estate in Aurora, in the Missouri 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 Aurora has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $66. In the following month the price per sq.feet increased considerably to $82. The price for the following two months in (February, March) had a considerable decrease of 35 with regard to the prior two months. 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 $50 to $26.5 during April, and May.
Based upon to the price in Aurora (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during December, is $155,662. During January the price went through a considerable rise reaching $228,744. During the following two months (February, March) the average price had a considerable reduction of 20 % 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 $115,224.5 to $36,450, which means a 32 % fall.