The prices in real estate in Nauvoo, 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 Nauvoo has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $1,011. In the following month the price per sq.feet decreased considerably to $621. The price for the following two months in (January, February) decreased 87 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 25 % 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 $764.25 to $194 during March, and April.
Based upon to the price in Nauvoo (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $211,645. In December This price remains at $211,345. In the following two months the average price has remained the same with regard to the previous two months from $211,495 to $220,542. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $216,018.5 and $209,819 between March and April.