The prices in real estate in Chesapeake, in the Ohio 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 Chesapeake has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $103. In March this price pretty much remained the same at a value of $103 per sq.feet. The price for the following two months in (April, May) had a considerable decrease of 50 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 71 % 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 $77.25 to $54.5 during June, and July.
Based upon to the price in Chesapeake (cities), this has gone downing the last 6 months. In our first sample month during February, the average price is $175,948. In March This price remains at $175,948. During the following two months (April, May) the average price had a considerable reduction of 50 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 167 % during the last two months.