The prices in real estate in Munford, in the Tennessee 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 Munford has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $150,979. In the following month the price per sq.feet decreased considerably to $197. The price for the following two months in (January, February) had a considerable decrease of 11 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 27 % 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 $41,995.75 to $11,256 during March, and April.
Based upon to the price in Munford (cities), this has gone up in the last 6 months. The average price during our first sample month during November, is $299,616. During December the price went through a considerable rise reaching $356,003. During the following two months (January, February) the price has had an average incrementation from $327,809.5 to $345,997.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $336,903.5 to $318,484 in March and April.