The prices in real estate in Benton, in the Kentucky 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 Benton has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $94. In May this price pretty much remained the same at a value of $93 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from $93.5 to $101 per sq.feet. The price per sq.feet has had a considerable deflation of 51 % 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 $97.25 to $49.5 during August, and September.
Based upon to the price in Benton (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $222,145. In May This price remains at $212,219. In the following two months the average price has remained the same with regard to the previous two months from $217,182 to $213,479.5. During the last two months the average price has had a strong fall compared to the previous four going from $215,330.75 to $98,412, which means a 46 % fall.