The prices in real estate in Farrell, in the Pennsylvania 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 Farrell has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $21,932. In the following month the price per sq.feet increased considerably to $35,055. The price for the following two months in (December, January) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 0 % 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 $14,289 to $41 during February, and March.
Based upon to the price in Farrell (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $111,338. In November This price remains at $114,080. In the following two months the average price has remained the same with regard to the previous two months from $112,709 to $117,875. During the last two months the average price has had a strong fall compared to the previous four going from $115,292 to $57,250, which means a 50 % fall.