The prices in real estate in Montague, in the Michigan 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 Montague has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $428. In the following month the price per sq.feet increased to $480. The price for the following two months in (February, March) had a considerable decrease of 42 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 28 % 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 $323 to $89 during April, and May.
Based upon to the price in Montague (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during December, is $2,203,533. During January the price went through a considerable rise reaching $3,245,000. During the following two months (February, March) the average price had a considerable reduction of 47 % 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 $1,997,758.25 to $254,527.5, which means a 13 % fall.