The prices in real estate in Loranger, in the Louisiana 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 Loranger has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $713. In the following month the price per sq.feet decreased considerably to $182. The price for the following two months in (January, February) had a considerable increment of 129 %. The price per sq.feet has had a considerable deflation of 85 % 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 $513 to $435 during March, and April.
Based upon to the price in Loranger (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $336,387. In December This price remains at $324,667. In the following two months the average price has remained the same with regard to the previous two months from $330,527 to $329,209. 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 $329,868 and $319,047.5 between March and April.