The prices in real estate in Monroe, in the Louisiana 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 Monroe has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $98. In the following month the price per sq.feet decreased to $88. In the following two months the price per sq.feet has barely changed, going from $93 to $91.5 per sq.feet. The price per sq.feet has had a considerable deflation of 48 % 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 $92.25 to $44 during August, and September.
Based upon to the price in Monroe (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $245,908. In May This price remains at $243,830. During the following two months (June, July) the average price fell 89 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $231,373.25 to $108,362, which means a 47 % fall.