The prices in real estate in Florence, in the Mississippi 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 Florence has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $35,482. In the following month the price per sq.feet decreased considerably to $111. The price for the following two months in (August, September) had a considerable decrease of 1 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 1 % 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 $8,953.75 to $55 during October, and November.
Based upon to the price in Florence (cities), this has gone downing the last 6 months. The price in June is $194,567, rising in July till $213,815. During the following two months (August, September) the price has had an average incrementation from $204,191 to $214,924. During the last two months the average price has had a strong fall compared to the previous four going from $209,557.5 to $105,865.5, which means a 51 % fall.