The prices in real estate in Merry Hill, in the North Carolina 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 Merry Hill has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $33,608. In the following month the price per sq.feet decreased considerably to $15,172. In the following two months the price per sq.feet has increased 110 %, going from $24,390 to $26,941.5 per sq.feet. 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 $25,665.75 to $21,697 during March, and April.
Based upon to the price in Merry Hill (cities), this has fallen considerably in the last 6 months. The price in November is $513,083, rising in December till $559,667. During the following two months (January, February) the average price had a considerable reduction of 67 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 85 %, going from $447,743.5 to $382,453 in March and April.