The prices in real estate in Minnesota City, in the Minnesota 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 Minnesota City has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $6,588. In the following month the price per sq.feet decreased considerably to $185. In the following two months the price per sq.feet has barely changed, going from $3,386.5 to $3,380 per sq.feet. The price per sq.feet has had a considerable deflation of 4 % 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 $3,383.25 to $146.5 during March, and April.
Based upon to the price in Minnesota City (cities), this has gone up considerably in the last 6 months. The price in November is $336,943, rising in December till $383,267. During the following two months (January, February) the average price had a considerable increase of 120 % 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 157 % during the last two months.