The prices in real estate in Central Falls, in the Rhode Island 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 Central Falls has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $130. In the following month the price per sq.feet increased considerably to $170. The price for the following two months in (March, April) had a considerable decrease of 50 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 0 % 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 $112.25 to during May, and June.
Based upon to the price in Central Falls (cities), this has fallen considerably in the last 6 months. In our first sample month during January, the average price is $267,667. In February This price remains at $276,940. During the following two months (March, April) the average price had a considerable reduction of 45 % 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 $196,906.75 to , which means a 0 % fall.