The prices in real estate in Ellinger, in the Texas 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 Ellinger has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $302. In the following month the price per sq.feet decreased considerably to $245. The price for the following two months in (January, February) had a considerable decrease of 35 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 46 % 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 $184.75 to $85 during March, and April.
Based upon to the price in Ellinger (cities), this has fallen considerably in the last 6 months. The average price for November is $1,059,833. During December the price had a considerable reduction till $704,917. During the following two months (January, February) the average price had a considerable reduction of 18 % 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 $518,645.75 to $154,416.5, which means a 30 % fall.