The prices in real estate in Bombay, in the New York 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 Bombay has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $1,179. In the following month the price per sq.feet decreased considerably to . In the following two months the price per sq.feet has barely changed, going from $589.5 to $606 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 $597.75 to $303 during March, and April.
Based upon to the price in Bombay (cities), this has fallen considerably in the last 6 months. The average price for November is $70,175. During December the price had a considerable reduction till . During the following two months (January, February) the average price had a considerable increase of 239 % 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 $59,493.75 to $41,950, which means a 71 % fall.