The prices in real estate in Mission Hill, in the South Dakota 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 Mission Hill has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $220. In December this price pretty much remained the same at a value of $220 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $220 to $219 per sq.feet. The price per sq.feet has had a considerable deflation of 50 % 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 $219.5 to $109.5 during March, and April.
Based upon to the price in Mission Hill (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $368,675. In December This price remains at $368,675. In the following two months the average price has remained the same with regard to the previous two months from $368,675 to $368,306. During the last two months the average price has had a strong fall compared to the previous four going from $368,490.5 to $184,153, which means a 50 % fall.