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 October, the average price per sq.feet was $1,919. In the following month the price per sq.feet decreased considerably to $995. The price for the following two months in (December, January) had a considerable decrease of 11 with regard to the prior two months. The price per sq.feet has had a considerable increase of 379 % 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 $812 to $3,076.5 during February, and March.
Based upon to the price in Florence (cities), this has gone up considerably in the last 6 months. The price in October is $243,003, rising in November till $275,323. During the following two months (December, January) the average price had a considerable increase of 115 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $279,051 and $277,752.5 between February and March.