The prices in real estate in Montgomery, in the Alabama 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 Montgomery has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $96. In May this price pretty much remained the same at a value of $94 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $95 to $93 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 $94 to $47 during August, and September.
Based upon to the price in Montgomery (cities), this has fallen considerably in the last 6 months. The average price for April is $252,355. During May the price had a slight fall till $225,823. In the following two months the average price has remained the same with regard to the previous two months from $239,089 to $234,614. During the last two months the average price has had a strong fall compared to the previous four going from $236,851.5 to $104,422, which means a 44 % fall.