The prices in real estate in Cleveland, in the Mississippi 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 Cleveland has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $23,870. In the following month the price per sq.feet decreased considerably to $7,624. The price for the following two months in (December, January) had a considerable increment of 238 %. The price per sq.feet has had a considerable deflation of 34 % 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 $26,586.75 to $8,916.5 during February, and March.
Based upon to the price in Cleveland (cities), these have remained the same in the last 6 months. The average price for October is $242,013. During November the price had a considerable reduction till $204,456. During the following two months (December, January) the average price had a considerable increase of 138 % 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 $265,404 to $192,846, which means a 73 % fall.