The prices in real estate in Laurel, in the Delaware 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 Laurel has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $953. In the following month the price per sq.feet decreased to $832. In the following two months the price per sq.feet has increased 111 %, going from $892.5 to $991 per sq.feet. The price per sq.feet has had a considerable deflation of 33 % 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 $941.75 to $309 during July, and August.
Based upon to the price in Laurel (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is $179,183. In April This price remains at $172,395. In the following two months the average price has remained the same with regard to the previous two months from $175,789 to $167,053.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.