The prices in real estate in Dorchester, in the South Carolina region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Dorchester has fallen in the last 6 months. In October, the average price per sq.feet was $19,786. In the following month the price per sq.feet increased considerably to $67,683. The price for the following two months in (December, January) had a considerable decrease of 7 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 30 % 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 $23,366.25 to $7,082.5 during February, and March.
Based upon to the price in Dorchester (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $325,243. During November the price went through a considerable rise reaching $459,250. During the following two months (December, January) the price has had an average incrementation from $392,246.5 to $412,060.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $402,153.5 to $376,669.5 in February and March.