The prices in real estate in Milam, in the Texas 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 Milam has increased strongly during the last 6 months. In November, the average price per sq.feet was $258. In the following month the price per sq.feet increased considerably to $667. The price for the following two months in (January, February) had a considerable increment of 931 %. The price per sq.feet has had a considerable increase of 153 % 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 $2,383.25 to $3,647.5 during March, and April.
Based upon to the price in Milam (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $422,626. In December This price remains at $428,223. During the following two months (January, February) the average price had a considerable reduction of 75 % 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 93 %, going from $371,247.5 to $346,526 in March and April.