The prices in real estate in Moosup, in the Connecticut 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 Moosup has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $225. In the following month the price per sq.feet decreased to $203. The price for the following two months in (December, January) had a considerable decrease of 49 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 70 % 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 $159.25 to $112 during February, and March.
Based upon to the price in Moosup (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during October, is $291,720. During November the price went through a considerable rise reaching $346,150. During the following two months (December, January) the average price had a considerable reduction of 57 % 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 $250,948.75 to $145,714, which means a 58 % fall.