The prices in real estate in Knoxville, in the Iowa region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Knoxville has fallen in the last 6 months. In February, the average price per sq.feet was $115. In March this price pretty much remained the same at a value of $114 per sq.feet. The price for the following two months in (April, May) had a considerable increment of 117 %. The price per sq.feet has had a considerable deflation of 45 % 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 $124.25 to $55.5 during June, and July.
Based upon to the price in Knoxville (cities), this has gone up considerably in the last 6 months. In our first sample month during February, the average price is $143,363. In March This price remains at $140,741. During the following two months (April, May) the average price had a considerable increase of 174 % 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 $194,403 and $192,620.5 between June and July.