The prices in real estate in Melbourne, in the Arkansas 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 Melbourne has increased strongly during the last 6 months. In September, the average price per sq.feet was $192. In the following month the price per sq.feet increased considerably to $245. The price for the following two months in (November, December) had a considerable increment of 128 %. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $248.75 to $249 during January y February
Based upon to the price in Melbourne (cities), this has gone up in the last 6 months. The average price during our first sample month during September, is $294,052. During October the price went through a considerable rise reaching $394,732. In the following two months the average price has remained the same with regard to the previous two months from $344,392 to $332,619.5. During the last two months the average price has had a strong fall compared to the previous four going from $338,505.75 to $262,973.5, which means a 78 % fall.