The prices in real estate in Monticello, in the Illinois 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 Monticello has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $118. In the following month the price per sq.feet increased to $125. In the following two months the price per sq.feet has increased 109 %, going from $121.5 to $133 per sq.feet. The price per sq.feet has had a considerable deflation of 0 % 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 $127.25 to during April, and May.
Based upon to the price in Monticello (cities), this has fallen considerably in the last 6 months. In our first sample month during December, the average price is $250,782. In January This price remains at $256,165. During the following two months (February, March) the average price had a considerable increase of 142 % 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 $306,965.75 to , which means a 0 % fall.