The prices in real estate in Hennepin, in the Illinois region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Hennepin has increased strongly during the last 6 months. In November, the average price per sq.feet was $136. In the following month the price per sq.feet increased considerably to $1,437. The price for the following two months in (January, February) had a considerable decrease of 12 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 27 % 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 $439.75 to $117 during March, and April.
Based upon to the price in Hennepin (cities), this has gone downing the last 6 months. The average price for November is $453,700. During December the price had a slight fall till $418,500. During the following two months (January, February) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $419,695 to $359,961 in March and April.