The prices in real estate in Mercer, in the Pennsylvania 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 Mercer has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $62,502. In the following month the price per sq.feet decreased considerably to $35,134. The price for the following two months in (January, February) had a considerable increment of 149 %. The price per sq.feet has had a considerable deflation of 47 % 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 $60,788.5 to $28,504 during March, and April.
Based upon to the price in Mercer (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $296,333. During December the price went through a considerable rise reaching $420,238. During the following two months (January, February) the average price had a considerable increase of 124 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 133 % during the last two months.