The prices in real estate in Mellen, in the Wisconsin 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 Mellen has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $1,151. In the following month the price per sq.feet decreased considerably to $146. The price for the following two months in (January, February) decreased 94 % with regard to the prior two months. The price per sq.feet has decreased 91 % 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 $628.25 to $573 during March, and April.
Based upon to the price in Mellen (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $165,877. During December the price went through a considerable rise reaching $463,800. During the following two months (January, February) the average price had a considerable reduction of 82 % 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 $286,292.5 and $278,101.5 between March and April.