The prices in real estate in Kerrick, in the Minnesota 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 Kerrick has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $180. In the following month the price per sq.feet increased to $193. The price for the following two months in (January, February) had a considerable decrease of 57 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 72 % 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 $146.25 to $106 during March, and April.
Based upon to the price in Kerrick (cities), this has fallen considerably in the last 6 months. The price in November is $280,671, rising in December till $322,100. During the following two months (January, February) the average price had a considerable reduction of 31 % 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 $196,926 to $92,466.5, which means a 47 % fall.