The prices in real estate in Modena, in the New York region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Modena has fallen in the last 6 months. In October, the average price per sq.feet was $234. In the following month the price per sq.feet increased considerably to $303. The price for the following two months in (December, January) decreased 95 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 40 % 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 $261.75 to $106 during February, and March.
Based upon to the price in Modena (cities), this has fallen considerably in the last 6 months. The average price for October is $425,283. During November the price had a slight fall till $387,580. In the following two months the average price has remained the same with regard to the previous two months from $406,431.5 to $397,372.5. During the last two months the average price has had a strong fall compared to the previous four going from $401,902 to $187,300, which means a 47 % fall.