Property prices for sale in Groom (Texas)
The prices in real estate in Groom, in the Texas 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 Groom has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $33,223. In the following month the price per sq.feet decreased considerably to $26,259. The price for the following two months in (January, February) had a considerable decrease of 0 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 $14,906.25 to $136.5 during March, and April.
Based upon to the price in Groom (cities), this has fallen considerably in the last 6 months. The average price for November is $619,750. During December the price had a slight fall till $546,600. During the following two months (January, February) the average price had a considerable reduction of 37 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $398,587.5 to $235,750, which means a 59 % fall.
