The prices in real estate in Farmer City, in the Illinois 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 Farmer City has fallen in the last 6 months. In October, the average price per sq.feet was $123. In the following month the price per sq.feet increased to $131. The price for the following two months in (December, January) had a considerable decrease of 80 with regard to the prior two months. The price per sq.feet has decreased 92 % 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 $114.25 to $105 during February, and March.
Based upon to the price in Farmer City (cities), this has fallen considerably in the last 6 months. The average price for October is $258,320. During November the price had a slight fall till $221,557. During the following two months (December, January) the average price had a considerable reduction of 74 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $208,677 to $197,445 in February and March.