The prices in real estate in Merrimac, in the Massachusetts 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 Merrimac has increased strongly during the last 6 months. In October, the average price per sq.feet was $371. In the following month the price per sq.feet decreased to $336. The price for the following two months in (December, January) had a considerable increment of 299 %. The price per sq.feet has had a considerable increase of 397 % 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 $705.75 to $2,803 during February, and March.
Based upon to the price in Merrimac (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $618,635. During November the price went through a considerable rise reaching $715,062. In the following two months the average price has remained the same with regard to the previous two months from $666,848.5 to $696,230. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % during the last two months.