The prices in real estate in Fayette City, 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 Fayette City has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $89,308. In the following month the price per sq.feet decreased considerably to $22,073. The price for the following two months in (December, January) had a considerable decrease of 1 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 3 % 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 $28,099.75 to $908 during February, and March.
Based upon to the price in Fayette City (cities), this has gone up considerably in the last 6 months. The price in October is $141,960, rising in November till $160,960. In the following two months the average price has remained the same with regard to the previous two months from $151,460 to $148,882.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 132 % during the last two months.